Monzo to lay off up to 120 employees as the ‘economic situation’ remains challenging

And just last week, it was reported that Monzo is closing in on £70-80 million in top-up funding, to help extend its coronavirus crisis runaway. However, as new and some existing investors play hardball, the company has reportedly had to accept a 40% reduction in its previously £2 billion valuation as part of its last funding round last June, with a new valuation of £1.25 billion. close

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