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Fintech startup Monzo valued at $5.9B in secondary sale
- Digital banking provider Monzo Bank Ltd. completed a secondary sale at a $5.9 billion valuation.
- Singapore’s CIG sovereign wealth fund and StepStone Group bought shares in the deal.
- Monzo has over 10 million consumers and 400,000 businesses on its platform.
- The valuation represents a $700 million increase from the previous funding round.
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