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Monzo reported net operating income of £214.5 million ($266.1 million) in the year ending February 2023, almost doubling its results year-over-year. One of the most prominent U.K. digital banks, Monzo managed to reach profitability in the first two months of the year.
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“Profitability was always a choice as we balance continuing to invest in growth with profitability. We could have chosen to be profitable a few quarters ago.”
https://www.cnbc.com/2023/05/31/british-digital-bank-monzo-hits-profitability-for-first-time.html
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