Monzo scored a mammoth profit haul in the last finanical year as its customer based swelled and deposits surged.

Monzo scored a mammoth profit haul in the last finanical year as its customer based swelled and deposits surged.

Monzo said it had added three million new cusomers in the year to end of March 2026.

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British digital bank Monzo has crossed a major financial landmark, reporting more than £1 billion in gross profit for the first time.

Digital banking giant Monzo has reached £1bn in gross profit for the first time, according to annual results published on Tuesday.