Higher Interest Rates Boost Profits
This is a Monzo news story, published by CNBC, that relates primarily to Revolut news.
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higher interest ratesCNBC
•Business
Business & Economics
Fintechs that raked in profits from high interest rates now face a key test

81% Informative
In 2024 , several fintechs — including Robinhood , Revolut and Monzo — saw a boost to their bottom lines from higher interest rates.
Now, they face a key test as a broad decline in interest rates raises doubts about the sustainability of relying on this heightened income over the long term.
It's unclear how significant an impact falling interest rates will have on the sector.
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