The next is an excerpt from right this moment’s World E-newsletter.
For the second time this week, we will take time to rejoice some excellent news within the lending house, as Monzo reported month-to-month profitability for the primary time.
CNBC reported, “In its annual report for the 12 months ending February 2023, Monzo reported web working earnings of £214.5 million ($266.1 million), nearly doubling year-over-year from £114 million.”
We’ve lately celebrated earnings and progress from a number of LatAm fintechs, and now we’re seeing strong reporting throughout the pond.
As these tendencies are inclined to move, we’ll see a shift to the U.S. quickly sufficient (however the micro economic system that Taylor Swift has already generated via her Eras tour), so this information bodes very nicely for the tip of this 12 months and into 2024.
From Fintech Nexus
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