Monzo, the UK digital bank, reaches a valuation of $5 billion following its latest funding round (Business Opportunities - Other Business Ads)
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Monzo, the UK digital bank, reaches a valuation of $5 billion following its latest funding round | |
In this week’s global payments news roundup, Monzo secures a significant investment of $430 million to fuel its expansion plans in the U.S., with Alphabet’s CapitalG among the key investors. This infusion brings Monzo’s valuation to $5 billion, marking a remarkable turnaround from its previous valuation of $2 billion in 2022. Monzo, which achieved profitability in 2023, aims to renew its U.S. market ambitions, this time seeking a partnership instead of pursuing a banking license.  | |
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2025-04-21 (0.383 sec)