FILE PHOTO: A smartphone displays a Monzo logo in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -Monzo reported revenue above 1 billion pounds ($1.35 billion) for the first time and a sharp rise in annual profit on Monday as the British digital bank increased customer numbers.
The mobile app-based bank, launched in 2015, is one of several digital banks that have emerged in Britain to challenge the dominance of HSBC, Lloyds, Barclays and NatWest - the country's Big Four.
