June 25 - 12:06
UK challenger bank Monzo doubles valuation to $2.5 billion
The UK challenger bank Monzo has completed a new round of funding, taking its value to around $2.5 billion. The $144 million Series F funding round was led by the U.S. start-up accelerator Y Combinator, with Latitude also participating. The funding comes just a few weeks after Monzo announced plans to start rolling out in the USA. Monzo currently has more than two million users in the UK.
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