5 Things We Learnt from Monzo’s 2022 Annual Report


Monzo’s numbers are in. But what do they mean? We read the neobank’s 185 page annual report to find out.

Neobanking, despite what the name might suggest, is not that new.

You can argue, in fact, that it is in its tenth year as a trend. A decade of digital banking disruption.

Today in 2022, neobanking is on the cusp of being not just a loss-making, venture-backed and avante garde area of financial services but instead a potentially profitable and sustainable market with high growth and margins.

These are at least some of the learnings from Monzo’s annual report, which was published at the end of last week.

In this article, we take a look at five things we learned about the business from the report. Most of the figures concern the twelve months from 1 April 2021 to the end of March 2022.

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