Monzo, the digital-only challenger bank, has raised £60M in venture funding from investors that include Y Combinator, Accel, General Catalyst, Thrive Capital, Passion Capital, Goodwater Capital, Reference Capital (formerly Genevest), Stripe, Orange, and Vanderbilt University. Founded by Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, and Tom Blomfield in 2015, Monzo has now raised a total of £384.7M in reported equity funding. This funding comes at a reported 40% discount from the firm’s last valuation from its previous round that closed in June of 2019. The pre-money valuation for this round was $1.24B.
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (London, NYC, LA, Paris, Boston), TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the London business community and beyond. Find out more here.
