Sources suggested that Revolut’s ability to raise new funding at the same valuation underlined its resilience
This is a big blow to my confidence in Monzo. If Revolut is able to go out and raise more money than Monzo during Covid-19 at the same valuation it raised its last round, why couldn’t Monzo. This raises big question marks over why Monzo couldn’t do the same when they raised their last round.
Investor confidence in Revolut seems to be a lot higher than Monzo.