4 years ago

Monument Secures £28 Million to Launch UK's First Digital-First Challenger Bank for the Mass Affluent

  • Monument, a London-based challenger bank, has raised £28 million in a Series A funding round

  • The investment will support the bank's launch in the summer of 2021 and further development of its digital platform

  • Monument aims to differentiate itself by focusing on the needs of affluent professionals and entrepreneurs, offering property investment lending and competitive savings rates.

      • ProblemFinancial Services

      "Many professionals and entrepreneurs in the UK are underserved by traditional banks, lacking access to personalized financial services and competitive rates."

      Solution

      "Monument is a digital-first bank offering a personalized and digital experience for clients, including attractive savings rates and tailored lending options for buy-to-let and property investments up to £2M. It rewards loyalty with better rates for existing customers."

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