If you’re one of our investors from the Crowdcube round back in February, today you should be receiving an email with some exciting news – today we closed an interim fundraise of £4.8m.
Passion Capital have supported us with this extra capital, mainly so that we can ramp up the roll out of our Beta cards in the face of huge, unexpected demand
Excitingly, this fundraise puts our latest valuation at £50m and the value of your shares has gone up accordingly
Most importantly, we are already planning the next, much bigger, fundraise (around £15m in early 2017), and will certainly include a sizeable crowdfunding portion. As our existing investors, of course we’ll give you plenty of notice for that round and would love you to participate!
Your ongoing support means the world to us, building Monzo wouldn’t be possible without our investors and wider community
Any questions, feel free to ask here!