Congratulations to Monzo after raising £20m from 36,006 people in its landmark funding round! Powered by Crowdcube, this is the largest-ever crowdfunding round for a fintech company.
Here's some key stats about the raise:
It's fantastic to see 2,457 investors from previous rounds invest again, as well as the business welcoming more than 33,549 brand new investors!
In October, it was announced that Monzo is now valued at £1bn, making this Crowdcube's third unicorn, and means the challenger bank is valued 40x more than the valuation given at its first raise on Crowdcube in 2016.
The Monzo Team said:
"We’re happy that so many of you have been able to get involved and take a stake in the bank that you’re helping us build. Our community has played an essential part in making Monzo what it is today, and your support and feedback are becoming even more crucial as we grow.
So thank you to our customers, our loyal investors and our new ones – we’re blown away by your support and so excited about what we’ll do together."
We've hit our £20m crowdfunding goal! We're truly blown away by the support from our community. Thank you to all our investors ❤️https://t.co/kRmg7XPaPW
— Monzo (@monzo) December 5, 2018