London-based digital bank Monzo raises €397 milion to fuel product roadmap and diversification strategy

Monzo, the UK challenger bank with 9 million customers, raises $430 million

Monzo hits $5bn valuation as it readies US expansion efforts

Monzo, UK's largest digital bank, raises £340M for expansion

Monzo Raises $430M in Funding

Google’s parent invests in London fintech Monzo’s $430M round, valuation hits $5B — TFN

Monzo, the UK challenger bank with 9 million customers, has raised $430 million in a late-stage funding round led by CapitalG, the growth fund of Google's parent company Alphabet. The round also saw participation from GV, Google's venture fund, HongShan Capital, Passion Capital, and Tencent. This investment brings Monzo's post-money valuation to $5 billion. The company has been expanding its product portfolio to include savings accounts, investment funds, and credit products, aiming to become a one-stop shop for all financial needs. Monzo achieved profitability in March 2023.

Monzo Raises $430 Million Led by CapitalG, Reaches $5 Billion Valuation

Monzo is a UK-based challenger bank founded in 2015, offering current accounts, debit cards, and various financial products with a digital-first approach. The company has grown to serve 9 million retail customers and 400,000 businesses in the UK, and has diversified its product portfolio to include savings accounts, investment funds, and credit products. Monzo aims to be a one-stop shop for all financial needs and achieved profitability in March 2023.

A UK-based challenger bank offering current accounts, debit cards, and various financial products with a digital-first approach.

a year ago

Monzo Raises $430 Million Led by CapitalG, Reaches $5 Billion Valuation

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