The 10-year-old firm lent GBP1.9 billion to its customers — a rise of 36% from a year ago.
Monzo Bank said its profit quadrupled last year with a burgeoning loan book lifting revenue, as the mobile bank works toward an eventual stock market debut.
The British lender posted a pretax profit of GBP60.4 million ($105.22 million) for the year through March compared to GBP15.4 million profit in the 13 months prior, with revenue jumping to GBP1.2 billion from GBP880 million.
