Monzo Bank £113 million Series F funding round

Overview:

• Challenger bank Monzo Bank has undertaken a £113 million Series F funding round.
• Y Combinator led the funding round with its Continuity growth fund acting as lead investor.
• Other investors included Latitude, General Catalyst, Stripe, Passion Capital, Thrive, Goodwater, Accel, and Orange Digital Ventures.
• Monzo Bank is a digital only challenger bank in the UK.
• Following the investment round Monzo's valuation was £2 billion.

Sam Duke