Buzzy challenger bank unicorn Monzo doubled losses in 2019 despite higher revenues, says COVID-19 pandemic is major threat

Buzzy challenger bank unicorn Monzo doubled losses in 2019 despite higher revenues, says COVID-19 pandemic is major threat

Business Insider

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· *Fintech challenger bank Monzo announced that its losses ballooned to £115.4 million ($151 million) in 2019 — twice that of 2018. *
· *That is despite revenues at the London-based startup doubling to £90 million ($118 million) in 2019.*
· *Monzo said the ongoing uncertainty of the COVID-19 pandemic was a major threat...

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