Monzo is now valued at $ 5.9 billion after the U.K.-based challenger bank confirmed a secondary market share sale to provide liquidity for its employees. The transaction, first rumored yesterday, saw existing investors such as Singapore’s sovereign wealth fund (GIC) and StepStone Group procuring additional shares in the London-based fintech. A secondary market sale essentially […]
UK challenger bank Monzo nabs another $190M as US expansion beckons
Monzo has raised another £150 million ($ 190 million), as the challenger bank looks to expand its presence internationally — particularly in the U.S. The new round comes just two months after Monzo raised £340 million ($ 425 million), meaning the London-based company has now raised north of $ 610 million in 2024, and $ […]
OpenAI fires back at Musk, and Monzo raises a megaround
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, focused on startup and venture capital news that matters. If you are a founder or an investor, this one is for […]