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Monzo raises £60m in new funding

UK based challenger bank raised £60m in new funding from Novator, Kaiser, TED Global and Goodwater. 

Adds Monzo CEO, TS Anil, in a statement given to TechCrunch: “We’ve raised £125 million this year, achieved strong organic growth and are now nearing five million customers, all while becoming the most switched to bank in the U.K. and the top rated for overall service. This news demonstrates the confidence that both our customers and investors have in Monzo”.

Tags

london, banking, challenger banks