$430M
The funding round was led by CapitalG with backing from GV and Tencent.
C
CapitalG
Venture CapitalCapitalG is Alphabet's independent growth fund that backs technology companies.
Portfolio
1
companies
By category
- FinTech£1.2B
By location
- London£1.2B
Portfolio companies
Team
GF
Gene Frantz
General Partner
Recent investments
£500M
The digital bank is securing capital from high-profile backers to fuel its ongoing expansion.
M
Monzo—London, UKHedosophia + 6 others
$430M
Alphabet's CapitalG led the $430m round, pushing the digital bank's valuation to $5bn.
"We’ve built incredible momentum in the business over the past few years which has led to us reaching more than 9 million customers, turning profitable and launching even more ground-breaking products. With backing from global investors, we have the rocket fuel to go after our ambitions harder and faster, building Monzo into the one app that sits at the centre of our customers’ financial lives. Each milestone we’ve reached to this point has given us more strength and speed to make strides towards our mission – now we’ll scale to even greater heights and seize the huge opportunity ahead."