UK neobank Monzo raised $190m in funding.

UK neobank Monzo raised $190m in funding, increasing its valuation to $5.2bn. The funds will be used for international expansion, particularly in the US, and to create new products. Monzo has already hired Conor Walsh, a former executive at Block's Cash App, to lead its US business. The single-largest round for a European FinTech in the last year marks a significant milestone for Monzo and the fintech sector.

May 08, 2024
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