Neo-bank Monzo secured $113 million in Series F funding from a series of existing and new investors including Y Combinator Continuity to jump to a valuation of $2.6 billion in June. The challenger bank, founded in 2015,
, and has since added more than a million customers. Monzo claimed it had around 3.5 million customers and over 1,500 staff. also reported on the fundraising, citing people familiar with the matter who said that Monzo had been in talks with investors about an extension to its $113 million round ahead of a bumper "Series G" funding in 2020.
Y Combinator Continuity backs the subsequent funding rounds of alumni companies of the seed accelerator Y Combinator. Other investors in the Monzo round included General Catalyst, Stripe, Passion Capital, Thrive, Goodwater, Accel and Orange Digital Ventures. Monzo has now secured a total of $414.5 million in funding.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
VCs predict an uptick in consumer investing as Gen Z's influence grows - Business InsiderTech investors are betting big on Generation Z-focused consumer startups in 2020, as a wave of young founders and customers displace Millennials
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Amazon's 2019 health push and 2020 potential - Business Insider - Business Insider2019 was a big year for tech giants in healthcare, with Alphabet, Amazon, Apple, and Microsoft aggressively building out their health divisions.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Switching checking accounts was so much easier than expected - Business InsiderAfter I spent hours researching for Business Insider's best checking accounts list, I finally decided to open a new checking account at Chase.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
WeWork co-chiefs would reportedly each earn $8.3 million if ousted - Business InsiderCo-chief executives Artie Minson and Sebastian Gunningham would cost WeWork almost $17 million if ousted, documents reportedly show. Discover how this one Millennial makes money online Wawawewa
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
My 2019 New Year's resolutions made huge progress on my money - Business InsiderBy the end of the 2019 I'll have accomplished all four goals, giving me peace-of-mind and improving my family's financial situation. That lady looks like the shark from Finding Nemo Hmm, personally I wouldn't have let my ego steer me into broadcasting this. Can't help thinking there could be a Karmic kick here when profiting from someone else's misfortune from a foreclosure. Still, she's done her will and bought the 2nd home 👍
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »