Monument, a FinTech aimed at the wealthy, has raised £28mn Series A funding.
In Brief:
Sky News reports the funding round will be announced later this week.
It included a syndicate of individual investors.
The round reportedly exceeded its target of £20mn.
What does this mean?
Monument is a challenger bank aimed at the UK’s affluent savings market, which it says is worth up to £200bn. The FinTech is currently going through the licensing process.
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