8 years ago

Monzo Raises £71 Million, Including £11 Million in Secondary Investment

  • Monzo, a UK-based challenger bank, raised £71 million in a Series C round led by Goodwater Capital

  • The round included £11 million in secondary investment, allowing some early shareholders to cash in

  • Monzo is introducing a new policy that will allow employees who have been with the company for three years or more to sell up to 10% of their options in future rounds

  • This policy aims to address the challenge of valuing stock options for European startup employees and to provide them with a more tangible way to benefit from the company's growth.

      • ProblemFinancial Services

      "Making banking more accessible, transparent, and user-friendly for customers."

      Solution

      "Developing a mobile-first banking platform that offers features like budgeting tools, instant notifications, and international spending capabilities."

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