Monzo bounces back post pandemic with $500M funding: 5 things to know about the 3rd most valuable neobank in Europe  — TFN

Monzo, a UK-based digital bank, has secured over $500 million in funding, valuing the company at $4.5 billion. The investment round saw participation from new investors such as Coatue, Abu Dhabi Growth Fund and Alpha Wave Ventures, along with existing investors Accel, General Catalyst, Goodwater, Passion Capital, Octahedron and Thrive. This funding round brings Monzo's total funding to over $1.2 billion. The company plans to use the funding to grow and expand its operations.

Monzo Raises $500 Million, Becoming the 3rd Most Valuable Neobank in Europe

Monzo is a London-based digital bank that offers a range of financial products and services, including current accounts, debit cards, and savings accounts. The company has been impacted by the COVID-19 pandemic, but has recently secured $500 million in funding, valuing the company at $4.5 billion.

A London-based digital bank offering current accounts, debit cards, and savings accounts.

4 years ago

Monzo Raises $500 Million, Becoming the 3rd Most Valuable Neobank in Europe

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