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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Monzo to clinch extra £350m from investors before expected listing

Monzo Alphabet Google CapitalG
Monzo app logo
The new round of funding could push Monzo’s valuation to £4bn. Photograph: Dado Ruvić/Reuters

Monzo is set to clinch another £350m in funding from investors, including a fund owned by Google’s parent company Alphabet, signalling a vote of confidence in the UK digital bank that could push its valuation to £4bn.

The bank, known for its hot coral-coloured debit cards, was last valued at $4.5bn (£3.5bn), after a $600m fundraising in late 2021.

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