£100M
Dubai Investments has acquired a 9 percent stake in Monument Bank to support its international expansion and technology rollout.
"Investment in Monument Bank provides the Group a unique opportunity to foray into Digital Banking space in one of the most advanced and regulated markets at an early stage. The accelerated global shift to digital banking has been very positive for neobanks and the growth has been fueled by waves of customers who have embraced digital banking’s expanded product suite. With Monument Bank combining traditional and established banking products with innovative solutions, the Group is looking forward to be a part of the evolving and the continued growth phase of digital banks while expanding horizons and diversifying strategically."
