Monzo raises $430m to fuel expansion
The funding round was led by CapitalG with backing from GV and Tencent.
$430M
≈ £339M at $1 = £0.7880 on 16 Dec 2024
Monzo operates a digital mobile bank offering financial services through a smartphone application.
Monzo has raised $430m in funding to support its ongoing expansion. The investment round was led by CapitalG, with participation from GV, HSG, and existing backers Passion Capital and Tencent.
Founded in 2015, the London-based digital bank provides online current accounts, spending notifications, and money management tools. The company has grown into a major player in the European neobank sector.
Use of funds
- 01Expand into international markets
