2 years ago

Monument Raises $50 Million in Series B Funding Led by Dubai Investments

  • Monument, a UK-based neo-bank for mass affluent clients, has raised over $50 million in Series B funding

  • The round was led by Dubai Investments, which increased its investment in the Bank, seeking to double its stake

  • Monument intends to use the funds to expand operations and its business reach

  • Monument received its full banking license in November 2021 and commenced its property investment lending activity.

      • ProblemFinancial Services

      "Mass affluent clients – approximately 4.8 million professionals, entrepreneurs, property investors and others – are seeking a bank to help them save and grow their wealth (which is estimated at c.£6 trillion in the UK and £80 trillion globally)."

      Solution

      "Monument is a neo-bank that offers a suite of products designed to save busy professionals, entrepreneurs and their families’ time and money searching for ways to reach their wealth creation potential."

      Covered on