21 February 2024

Monzo targets £4bn valuation in fresh funding round

Written By FinTech Alliance

Monzo targets £4bn valuation in fresh funding round

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. 

Read more here.

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