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Successfully funded
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Powered by Crowdcube, Monzo has raised £20m in the largest-ever crowdfunding round for a fintech company. The crowdfunding is part of a larger raise from venture capital firms, and the money will be used to expand Monzo’s product range and further grow its customer base, that’s already more than 1m
- This round is part of broader fundraise alongside institutions
- Record-breaking raise will value Monzo at over £1 billion
- Eligible Monzo customers are able to invest through the Monzo app
- Monzo raised £20m in 2 days, 2 hours and 45 minutes!
Idea
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Monzo’s mission is to make money work for everyone.
Founded in 2015, they now have over 1,000,000 customers, a team of 500 and a valuation of £1 billion. More than 100,000 people are signing up every month, and Monzo is the fastest growing bank in the UK.
15% of all bank accounts opened in the UK are now with Monzo!
We're thrilled to welcome Monzo back for the third time in what promises to be another record-breaking raise.
By collaborating with Crowdcube, Monzo’s customers are able to invest directly via the Monzo app; another first for the crowdfunding industry.
Monzo will become the third Crowdcube funded business to be valued over £1bn in the last 12 months and marks another major milestone for Crowdcube and crowdfunding.
