Monzo raised £340M in a funding round led by CapitalG, with participation from GV and HSG, to accelerate expansion plans and increase post-money valuation to £4 billion.
Monzo raised £340M in a funding round led by CapitalG, with participation from GV and HSG, to accelerate expansion plans and increase post-money valuation to £4 billion.
03/05/24, 11:04 AM
Location
londonMoney raised
£340 million
Industry
banking
lending
financial services
Investors
Tencent, Passion Capital, Hsg (Hong Shan Capital), Gv (Google Ventures), Capital G
Monzo, the UK's largest digital bank, raised £340 million in a funding round to boost its expansion plans, led by CapitalG, with participation from GV, HSG, Passion Capital, and Tencent. The round values Monzo at an increased post-money valuation of £4 billion.