$588M
The funding values the company at approximately $2.9bn with backing from Alibaba, ByteDance, Meituan, and HongShan.
H
HongShan
Venture CapitalPortfolio
2
companies
Investment by month
By category
- FinTech£838M
- AI/ML£439M
By location
- London£838M
- Shenzhen£439M
Portfolio companies
M
Monzo
Monzo operates a digital banking platform for personal and business customers.
XS
X Square Robot
X Square Robot builds end-to-end embodied artificial intelligence systems for autonomous physical tasks.
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."
