Monzo Raises $143mn as U.S. Launch Looms

UK based digital bank Monzo has raised a $143mn series F round as the company gets set to launch in the U.S.; the new round was led by Y Combinator’s Continuity fund, along with Latitude, General Catalyst, Stripe, Passion Capital and more; the is the company’s second round since October as the company says the new capital isn’t solely for U.S. launch but to ensure they are well capitalized; Anu Hariharan, partner at Y Combinator Continuity, tells AltFi one of the main reasons why they are set up to succeed in the U.S. “I haven’t seen anyone else have the community. They built ground-up by having in-person town halls and a community of users who are advocates of Monzo everywhere.” Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.