News

May 15, 2020

Monzo hit by 40% valuation drop in latest fundraising

The digital bank is reported to be raising a ~40% downround, set to close in the next month


Isabel Woodford

3 min read

London-based digital bank Monzo is set to close its next funding round at an approximately £1.25bn valuation as coronavirus dampens investor appetite, according to sources close to the raise.

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