Monzo in the media

Key data:

  • Old valuation: $4.5bn
  • New valuation: $5bn
  • Amount raised: 430m

Some key quotes:

led by Alphabet’s investment fund

many other high-profile start-ups to suffer significant down rounds in the past two years

[Monzo] announced plans to re-enter the US, this time via a banking partnership that would allow it to bypass a licence application

While Monzo made a pre-tax loss of £116mn in 2023 — largely because of a surge in loan impairments stemming from the rapid growth of its buy now, pay later product — Anil said he expected to turn a profit this year.

I’ve just realised that there’s a whole thread on this, so probably discussion is best over there.