<ul><li>U.K. neobank Monzo has raised $190 million in funding to expand overseas, bringing its total funding to $610 million this year.</li><li>The funding round valued Monzo at $5.2 billion, making it the largest round for a European FinTech in the past year.</li><li>Monzo plans to use the financing to develop new products and accelerate its expansion plans.</li><li>The company is focused on perfecting its services in the U.S. market before fully competing with traditional banking giants.</li></ul>

Monzo Valued at $5.2 Billion Amid US Neobank Expansion Plans

Discover more