News

June 16, 2020

Monzo gets £60m fundraise over the line; confirms 40% valuation drop

The round has been in the works for a number of months but was delayed by the pandemic.


Isabel Woodford

2 min read

Burbidge helped keep Monzo going when founding CEO Tom Blomfield stepped down.

London's digital bank Monzo has closed a much-awaited £60m raise at a £1.25bn valuation — a 40% drop from its previous round.

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