United Kingdom based digital, mobile-only "challenger bank" raised £113m in Series F funding, led by Y Combinator's Continuity Fund.
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Monzo raises £113 million
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.
