Financial Technology Advancements
Holy finance, Batman! Monzo's profits skyrocket 300%!
💸💸💸 The £4.5bn financial tech giant, Monzo, is one of the UK's most anticipated flotation candidates.
📅 Cyberpunk Monday, June 2nd, 2025 | 3:39 AM
👨💼Lars Mucklejohn
Monzo's staggering profit surge to a pre-tax profit of £60.5 million for the year ending March 2025, up from £13.9 million the previous year, is causing quite the buzz in the City. The company raked in revenues surpassing the £1 billion mark, for the first time ever, thanks to flourishing subscription plans and business banking products [1][3].
🏧 📈 Monzo's IPO is brewing, with plans set in motion, and bankers appointed to oversee the IPO process. The neobank is aiming for a £6 billion valuation for their IPO, a jump from their £4.5 billion valuation back in 2024[1][5].
🌍 🗽 The question on everyone's lips, though, is where Monzo will list—will it be the London Stock Exchange, or US exchanges like the NYSE or Nasdaq? While CEO TS Anil prefers a US listing, the board seems to favor a London debut [2][5].
Business investors are closely monitoring Monzo's decision to list its IPO, as its impressive finance gains have placed it in a strong position. With revenues surpassing £1 billion and a planned £6 billion valuation, the company's release could potentially disrupt the market, whether it's on the London Stock Exchange or US exchanges like the NYSE or Nasdaq.
