5 years ago

Monzo Raises Additional £60 Million in Funding

  • Monzo, the UK challenger bank, has raised an additional £60 million in funding

  • The new funding comes from a clutch of new backers, including Deliveroo and Stripe investor Novator, Kaiser and TED Global, as well as existing investor Goodwater

  • They join the likes of Y Combinator, General Catalyst, Accel, Passion, Thrive and Stripe, which all re-invested earlier this year

  • This brings Monzo's total funding raised since COVID-19 struck to £125 million

  • The bank is looking to continue growing and increasing revenue lines beyond interchange fees.

      • ProblemFinancial Services

      "making traditional banking more accessible and convenient for the masses"

      Solution

      "offering a mobile-only banking app with a range of innovative features and services"

      Covered on