Monzo, the British digital bank, has secured $190 million in funding, with Hedosophia and CapitalG (Alphabet’s independent growth fund) leading the investment. This latest funding brings Monzo’s total funding for the year to $610 million, with a post-funding valuation of $5.2 billion. TS Anil, CEO and co-founder of Monzo, stated that they plan to use this funding to develop new products and accelerate their international expansion plans.
Source:
https://www.cnbc.com/2024/05/08/monzo-boosts-funding-to-610-million-to-crack-u…
Disclaimer: The views and opinions expressed in this article are those of the author and do not constitute investment advice.
Original article:
https://www.bitpush.news/articles/6685093
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