Monese recorded a £30.5 million loss in 2022, despite its revenues increasing to £27.7 million in the same year.
Monese's Financial Performance
UK fintech Monese has recently published its financial accounts for the year ending 31 December 2022, revealing a significant loss amidst growing revenues.
Key Financial Highlights (Year ending 31 December 2022)
The following table summarizes Monese's key financial results for 2022, with a comparison of revenue to the previous year:
| Financial Metric | 2022 Results | 2021 Results |
|---|---|---|
| Revenue | £27.7 million | £17.6 million |
| Net Loss | £30.5 million | N/A |
Revenue Growth
Monese demonstrated strong revenue growth, with its revenues climbing to £27.7 million in 2022. This represents a substantial increase from £17.6 million recorded in the year prior.
Annual Loss
Despite the impressive revenue growth, Monese registered an annual loss of £30.5 million for 2022. This figure highlights the company's ongoing investment in growth and operations, which currently outpace its income.
Future Outlook
Looking ahead, Monese is actively seeking to attract more funding in 2024. This initiative suggests the company aims to bolster its financial position and continue its strategic development and expansion efforts.
