Monzo confirms £60M down round, with a new pre-money valuation of £1.24B

Monzo, the U.K. challenger bank with more than 4 million customers, has confirmed it has closed £60 million in top-up funding. Backing the round are existing investors Y Combinator, General Catalyst, Accel, Stripe, Goodwater, Orange, Thrive and Passion Capital, along with new investors Reference Capital and Vanderbilt University. One of fintech’s worst-kept secrets, the down … Continue reading Monzo confirms £60M down round, with a new pre-money valuation of £1.24B