Monzo is reportedly in talks to raise £300mn in its next round of funding.
In Brief:
The raise will come at a valuation of £3bn.
Sky News said that £200mn of the funding should come from new shareholders.
The remainder would come from existing backers.
What does this mean?
If Monzo raises at a £3bn valuation, this will have almost trebled from earlier this year – when it raised at a reduced valuation.
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