Finance & Economics

Monzo announced a new round of funding

Today, more than two million people are using Monzo

current account

Monzo announced a new round of funding. Source:

UK digital bank Monzo announced a new round of funding, with Y Combinator Continuity and Latitude as its newest investors. They’re investing £113 million in Monzo, alongside existing investors.

Today, more than two million people are using Monzo. In May alone more than 200,000 new people joined, the digital bank says.

A few weeks ago, we also announced our plans to start rolling out Monzo in the USA. And in the past few months we’ve really started to deliver on our vision to build Monzo into a marketplace, that lets you access a choice of products and services from across the market, and manage them conveniently through Monzo. You can now earn interest on your savings with savings accounts provided by other banks, switch energy supplier straight through the app, and even start adding on extra features to your account with Monzo Plus. We’ve also started rolling out Monzo Business Accounts to more of the 15,000 business owners on our waiting list

SEE ALSO: 12 best online payment services for your business

Pay Space

6884 Posts 0 Comments

Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.