“Monzo: Leading the Way in the UK Banking Market – $430 Million Raised and 9 Million Loyal Customers”

Monzo Card 4
London-based fintech company Monzo raised a late stage funding round of $430 million (£340 million), confirming a report from the Financial Times from a few weeks ago. Founded in 2015, Monzo provides UK current accounts, debit cards and several financial products with a digital-first approach. That’s why Monzo is sort of defying the odds with this new funding round, with Google playing a big part in this investment. Monzo reached a post-money $4.5 billion valuation in 2022. Now, Monzo has nine million retail customers in the U.K.