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British neobank Monzo raises $190 million, led by Hedosophia and CapitalG

CointimeCointime2024/05/08 09:25
By:Cointime

Monzo, a new bank in the UK, has raised $190 million in funding with Hedosophia and CapitalG (Alphabet's independent growth fund) leading the way. This latest funding round brings Monzo's total funding for the year to $610 million, with a post-funding valuation of $5.2 billion. Monzo CEO and co-founder TS Anil stated that the plan is to use this cash to create new products and accelerate international expansion plans.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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