So you read the prospectus before investing, right? Page 28.
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The proceeds will be primarily used by the Group to support business growth through investment in product research and development, marketing and customer growth initiatives, financing corporate development projects and expanding its operations team geographically. Any remaining surplus funds will contribute to Monzo holding surplus capital relative to its regulatory requirements.
I believe a business line earlier than later relies on a grant offered by RBS, but there’s a blog post somewhere, yes.
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