📰 Confirmed: UK challenger bank Monzo raises £19.5M - TechCrunch

(Brexit Day Is Gonna Be Shamayzing.) #1

(Alex Sherwood) #2

Thanks for sharing this Danny :raised_hands:

There’s a couple of things worth highlighting in this article -

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

Up from 50m when the last round was raised.

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

The new combined funding … will bring [the] total raised to £35 million

Are Monzo Independent?
Announcing Our £22m Investment Round and Crowdfunding!
Crowdcube investors - regular updates 📬
Maintain our participation ( resist dilution )
:newspaper: Telco Orange to open bank next month - The Register
(system) closed #3

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