UK Neobank Monzo Attains First-Time Monthly Profitability Following Lending Surge

Monzo hit profitability after its lending volume for the period ending February 2023 ballooned to £759.7 million. British neobank Monzo Bank has revealed it attained monthly profitability for the first time in 2023 following a lending surge. In its annual report for the year ending February 2023, the online bank said it became profitable two months into the … Read more

Klarna Halves Q1 Net Loss and ‘On Track to Achieve Profitability This Year’

Swedish fintech mainstay Klarna cut its Q1 net loss to $120.7 million while boosting operating income by 22% YoY. Klarna Bank AB significantly improved its Q1 bottom line after halving the net loss sustained for the period compared with last year. For the first quarter of the year, the Swedish fintech giant posted a net deficit … Read more

Aston Martin Shares Rise 14% due to Welcome 2023 Profitability Forecast

English luxury automaker Aston Martin recently saw its shares surge following its optimistic 2023 forecast.  The shares of English luxury automobile manufacturer Aston Martin (LON: AML) have surged 14% on the company’s 2023 profitability forecast. Aston Martin forecasts better profitability this year despite increased pretax losses in 2022 due to a weakened UK currency. The … Read more

Indonesian Tech Giant GoTo Attains Profitability, Earlier than Projected

GoTo Gojek’s profitability in its key business aspects is notably drawn from a number of factors as highlighted by UBS analysts who had expected profitability to be attained in 2025. Indonesian technology giant, GoTo Gojek Tokopedia PT Tbk (IDX: GOTO) has announced that it has accelerated its profitability timelines. As contained in a press release … Read more