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Challenger banks Monzo, Revolut, and Starling Bank VC fundraising - Business Insider

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Europe's popular challenger banks Revolut, Monzo, and Starling are in a fundraising arms race. Here's what we know about the mega-rounds.

But sources and media reports indicate the current fundraise will likely close at half of that $10 billion figure.

The startup is also in talks for an extension to its $113 million fundraise from Y Combinator Continuity in summer 2019. that Monzo had been in funding discussions with mega-funder SoftBank. Industry sources indicated that Monzo CEO Tom Blomfield didn't want to work with SoftBank. The meeting was thought to have taken place eight months ago, and Monzo has sinceat a valuation of $2.6 billion.

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