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Fintech

Monzo hits first monthly profit after lending products boost income

Milestone comes as digital bank narrows annual loss, says IPO not imminent

Monzo chief TS Anil said the bank had no immediate plans for an initial public offering
Monzo chief TS Anil said the bank had no immediate plans for an initial public offering Photo: Bloomberg via Getty Images

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Monzo has hit profitability for the first time in a milestone for one of the UK’s most high-profile fintech firms.

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