Monzo Hits £1.2B Revenue Milestone as New Services Drive Growth
On June 2, 2025, UK-based digital bank Monzo reported strong financial results for the fiscal year ending March 2025, with revenue surging 48% year-over-year to £1.2 billion. The company also achieved a record net profit of £94.5 million, solidifying its position as one of the leading fintech players in the UK.
The growth was driven by an expanded suite of financial services, including new offerings such as accounts for under-16s, pension plans, and enhanced subscription tiers. Monzo’s business banking segment also contributed meaningfully to its performance.
Customer numbers rose by 25% to 12.2 million, while total deposits increased 48% to £16.6 billion, reflecting strong user engagement and trust in the platform.
With solid momentum and a broadening product portfolio, Monzo is eyeing international expansion. The bank plans to enter the European market, starting with Ireland, and is renewing its efforts in the US through strategic banking partnerships. A potential IPO remains on the table for the future, although CEO TS Anil emphasized that such plans are not imminent.
Source:
A.M.
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