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
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.