Great news from Monzo Bank on your first full year of profitability with growth in all areas of the business and the trust and loyalty you've built among your customers. #CapitalGfamily Gene Frantz
WE’VE PUBLISHED OUR FY2024 ANNUAL REPORT 🎉 🚀 We recorded our first full year of profitability, achieving a pre-tax profit of £15.4m. A mega milestone on our mission to make money work for everyone! 📈 Revenue increased 2.5x to £880m thanks to growth across all areas of the business. 👥 Our total number of customers increased 31% to 9.7m and we’re the UK’s 7th largest bank. 💰 Customer deposits grew 88% to £11.2bn, and card spend increased 42% to £47.8bn. 🏆 Customers voted us #1 bank for Overall Service Quality according to an independent survey that the Competition and Markets Authority asks Ipsos Mori to carry out each year in Great Britain. 💪 We closed the sector’s largest European capital raise of the past year, raising close to £500m in new investment in a round led by Alphabet’s independent growth fund CapitalG. It’s been a brilliant year and we’re so thankful for your support along the way – we can’t wait for what’s next! https://lnkd.in/exubAMr6
