The Series H round was led by Abu Dhabi Growth Fund ADG to support rapid expansion and product development.
"This round comes off the back of a fantastic year for Monzo. We’ve seen record revenues, launched new products and tools and continued to top the charts for our services. We’ve hired some incredible talent. This investment means we’ll grow further and faster as we continue on our journey to reinvent banking, and become the one app that sits at the centre of our customers’ financial lives."
The financing round was backed by Tencent, British Patient Capital, CMB International, Mayfair Equity Partners, and IP Group.
"The metaverse concept is not new to Ultraleap. It has always been our mission to remove boundaries between physical and digital worlds. The pandemic has accelerated the rise of the term as more people now understand the power of enhancing the physical world with digital elements."
The digital bank has raised £220m in a round led by Softbank Vision Fund 2 to back its ongoing expansion.
"We believe Zopa’s fast-growing market penetration reflects high customer demand for adaptable financial services within a usable platform that can be customized to their specific needs. Zopa is fast emerging as a leading player in the UK’s nascent neo banking sector and we are proud to partner with Jaidev and the team on this journey."
DWS joins an investor syndicate led by Chrysalis Investments to back the retirement technology provider.
"We are looking forward to delivering on the opportunity to work with an innovative retiretech disruptor that is fast-growing and well-placed to compete both in the UK and global retirement market. Increasingly, defined contribution savers are seeking to diversify their returns across a broader range of asset classes, and we believe that DWS’ asset management capabilities across both private and listed markets means that we are ideally placed to meet their evolving needs"
— Dirk Goergen, Member of the Executive Board and Head of Client Coverage Division
