Monzo raised millions in two days

Monzo raised £20 million through crowdfunding

Monzo raised millions in two days. Source:

British mobile-only bank Monzo announced it has raised £20 million from 36 thousand investors. Impressively, it took just 2 days, 2 hours and 45 minutes.

The challenger bank shared some precise data on the money raised:

  • £2,038,459 from our existing investors;
  • £17,961,551 in just 2 hours and 45 minutes yesterday;
  • £6,881,389 in the first 5 minutes yesterday;
  • £2,940,760 in 60 seconds during the fastest minute.
We’re happy that so many of you have been able to get involved and take a stake in the bank that you’re helping us build. Our community has played an essential part in making Monzo what it is today, and your support and feedback are becoming even more crucial as we grow

In October, Monzo has reached a unicorn status.

SEE ALSO: TOP-10 mobile-only banks

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