Re:Y Combinator invests in Monzo through its Continuity Fund
by krn on Tuesday June 25, 2019 @10:41AM
(#20274667)
> Revolut is not profitable. It reports an operating loss.
It reported an operating loss for 2017, because it stopped losing money on monthly basis only in December 2017.
Re:Y Combinator invests in Monzo through its Continuity Fund
by easytiger on Tuesday June 25, 2019 @10:47AM
(#20274740)
> It reported operating loss for 2017, because it stopped losing money on monthly basis only in December 2017.
What are you talking about? That's gibberish. It lost about £15million in 2017
Re:Y Combinator invests in Monzo through its Continuity Fund
by krn on Tuesday June 25, 2019 @11:10AM
(#20275013)
> It lost about £15million in 2017
If a company was losing money for the first 11 months out of 12, that's an expected result.
What's your reason for such inaccurate information?