British digital bank Monzo completes US$430 million in financing
UK digital bank Monzo has raised $430 million in a new funding round led by CapitalG, the independent venture capital arm of Google's parent company Alphabet. Monzo stated that the new funds will be used to accelerate its expansion plans, including a renewed attempt to expand its services to the US. Monzo reported that revenue in 2023 increased by 88% to £214.5 million (approximately $272 million), up from £114 million in 2022. It is reported that Horizons Ventures, a Chinese venture capital firm that separated from Sequoia Capital last year, also supported this round of funding, along with existing supporters Tencent and Passion Capital.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
