Monzo reports a pre-tax profit of £15.4M, following hefty funding rounds for US expansion. Plans for Ireland base as a 'new gateway.'
Monzo's revenue surged 250% to £880M, primarily due to a profitable lending product and favorable interest rates in the UK.
Gary Hoffman notes potential impact from interest rate drops and external uncertainties on Monzo's performance in the next 12 months, amid UK's economic slowdown.
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