Digital bank’s funding round led by CapitalG, the vehicle of Google’s parent company Alphabet
Monzo is set to clinch another £350m in funding from investors, including a fund owned by Google’s parent company Alphabet, signalling a vote of confidence in the UK digital bank that could push its valuation to £4bn.
The bank, known for its hot coral-coloured debit cards, was last valued at $4.5bn (£3.5bn), after a $600m fundraising in late 2021.
Continue reading…Digital bank’s funding round led by CapitalG, the vehicle of Google’s parent company Alphabet Monzo is set to clinch another £350m in funding from investors, including a fund owned by Google’s parent company Alphabet, signalling a vote of confidence in the UK digital bank that could push its valuation to £4bn.The bank, known for its hot coral-coloured debit cards, was last valued at $4.5bn (£3.5bn), after a $600m fundraising in late 2021. Continue reading…