šŸ“° Confirmed: UK challenger bank Monzo raises Ā£19.5M - TechCrunch

Monzo Chat
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Thanks for sharing this Danny :raised_hands:

Thereā€™s a couple of things worth highlighting in this article -

The combined round pegs Monzo at a pre-money valuation of Ā£65 million.

Up from 50m when the last round was raised.

The startup has raised Ā£19.5 million from U.S.-based Thrive Capital, Londonā€™s Passion Capital, and Orange Digital Ventures, the venture arm of telco Orange. They are investing Ā£13 million, Ā£5 million, and Ā£1.5 million, respectively.

The new combined funding ā€¦ will bring [the] total raised to Ā£35 million

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