Fintech could finalise deal in next two weeks to raise as much as £350mn.
In brief:
- The UK fintech could finalise a deal as soon as the next two weeks to raise as much as £350mn from a mix of new and existing investors
- Alphabet investment fund CapitalG is set to lead the round, with participation from investors including China’s Tencent and the US fintech investor Ribbit Capital.
- A bump in valuation for Monzo would mark an improving climate for financial technology start-ups, following a period of turbulence amid rising interest rates and regulatory scrutiny.
