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UK challenger Monzo reportedly in talks to sell £300m stake at £3.5bn valuation | Fintech InShorts: Latest fintech news, analysis by experts

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UK challenger Monzo reportedly in talks to sell £300m stake at £3.5bn valuation

By Laura M

October 29, 2023

British challenger bank Monzo aims to raise £300 million in fresh funds through a share sale.
In discussions with blue-chip investment funds to value the firm at over £3.5 billion.
This move could make Monzo the highest-valued digital bank in the UK.
The fundraise is rumored to precede a potential future initial public offering (IPO). Previously considered a merger with Nordic neobank Lunar but Lunar CEO denies any merger intention.
Fundraising talks are ongoing with details and investors expected to be finalized by year-end. Monzo, headquartered in London, founded in 2015, serving over 8.5 million customers. Recently appointed Conor Walsh as the new US CEO to expand into the US market.

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