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UK challenger bank Monzo nabs another $190M as US expansion beckons

  • UK challenger bank Monzo has raised another $190 million as it looks to expand internationally, particularly in the U.S.
  • This funding round comes just two months after Monzo raised $425 million, bringing their total funding in 2024 to over $610 million.
  • Existing investors, including Alphabet's CapitalG and Google's GV, along with new backer Hedosophia, participated in the funding round.
  • Monzo, with over 9 million customers in the UK, aims to leverage its strong financial position to crack the U.S. market.

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