Monzo explores new fundraising at £7.5bn valuation

Monzo Bank is exploring a new fundraising round at a valuation of approximately £7.5 billion after discussions regarding a £10 billion acquisition by Nubank and a potential stake sale to private equity firms stalled. The digital bank is seeking cash to fund its European expansion ambitions following the closure of its US operations. Sources report that Monzo is now preparing to approach venture capital investors for a traditional funding round. Open article →