4 years ago

Monzo Raises £50M to Expand Operations During Pandemic

  • Monzo, the UK-based challenger bank, is set to raise £50 million in Series G funding from existing shareholders and a new San Francisco-based VC firm Octahedron Capital

  • The funding will take the total raised by the digital bank during the pandemic to £175 million.

      • ProblemFinancial Services

      "Traditional banks offer a poor user experience and lack financial transparency, leading to customer dissatisfaction and difficulty managing finances."

      Solution

      "Monzo offers a user-friendly digital banking platform that provides transparent financial management tools, enabling customers to track spending, set budgets, and access a range of financial services with ease."

      Covered on