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2026-07-05 18:18:12

UK Digital Bank Monzo Exits US Market to Double Down on Europe

Monzo, the UK's largest app-based bank with 15M+ customers, is closing its US venture to focus on home markets. In 2025, UK revenue hit £1.2B, profits surged 8x, and ECB authorization paves way for European expansion. About 50 US jobs will be cut.

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UK Digital Bank Monzo Exits US Market to Double Down on Europe