British neobank Monzo raises $430 million in Alphabet-led round to relaunch in the U.S.
Publishing timestamp: 2024-03-05 09:22:48
Summary
Monzo raises $430 million in new funding round led by CapitalG to accelerate expansion plans, including relaunching services in the U.S. after reporting strong growth in 2023. The fresh cash will also be used to focus on new products and partnerships, such as investment pots and hiring a U.S. CEO to crack the American market.
Sentiment: POSITIVE
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