Member Exclusive, New banks
Research: Monzo is ramping most metrics, including losses
- Monzo is showing growth across the board.
- The UK challenger bank published its annual report, giving insight into its performance.
It’s a challenge to grow a challenger bank. It’s actually a real test to see if these new standalone digital bank models are scalable. Monzo’s recently published yearly report gives some food for thought as both customers and revenues grew alongside increasing losses.
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