Monzo to raise a £60 million bridge funding round.
Monzo, a London, UK-based digital provider of banking services, announced that it secured funding of £60 million ($80M).
Monzo, founded in 2015 by Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon and Tom Blomfield, is a digital-only bank platform and marketplace that allows customers to access a range of products and services. The company has almost 5 million customers, 60,000 of which are business users, and more than 100,000 customers for its premium products, Monzo Plus and Monzo Premium.
Monzo previously raised almost half a billion dollars.