UK FinTech Monese could be worth £1bn after its latest funding round.

In Brief:

• It is in talks to raise £100mn from investors.

• The talks were reported by the Financial Times and it’s suggested a deal will be struck this year.

• So far, Monese has around 2mn people signed up and more than 9,000 people join every day.

What does this mean?

Monese is a UK-based FinTech but is beginning to see success across Europe, so the funding could potentially help the business scale through the region.

Read more here.