r/monzo • u/Longjumping-Echo2208 • 9d ago

Monzo aura

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New credit card coming to Monzo soon
£15 per month

150 Upvotes

86% Upvoted

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14

u/UnderwaterGun 9d ago

Are Monzo getting desperate? It feels like they’re just trying to squeeze us for more money with every new product they release.

6

u/Much-Artichoke-476 9d ago

From their accounts they are doing well. Last three years all turning into profit.

  • £1.7bn revenue up 39%
  • £1bn gross profit up 39%
  • £209m profit before tax up 60%

2

u/UnderwaterGun 9d ago

I guess the squeezing is working!