United Kingdom based digital, mobile-only "challenger bank" raised £113m in Series F funding, led by Y Combinator's Continuity Fund.
Monzo’s new funding round and YC’s backing should be viewed within the context of not only fast growth and increasingly convincing product-market fit in the U.K. — the challenger bank is currently adding 200,000 new sign-ups for its current account each month — but also recently unveiled plans to tentatively launch across the pond.