Digital Bank Monzo Jumps Into Lending In The UK
PYMNTS
AUGUST 15, 2019
Monzo is “more nuanced than we were probably two or three years ago,” CEO Tom Blomfield told the news outlet. He added that jumping into more traditional lending “can get us a good way to profitability, if not even all the way.”. The company is hopeful that its consumer lending division will lead to profits, according to the report.
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