<ul><li>UK neobank Monzo has reached a valuation of $5.9 billion through a secondary market share sale.</li><li>Existing investors such as Singapore's sovereign wealth fund (GIC) and StepStone Group purchased additional shares in the fintech.</li><li>The sale provides liquidity for Monzo employees and rewards their contributions to the company's growth.</li><li>Monzo's valuation has increased since its recent fundraise, and its roadmap includes European expansion and accelerated rollout in the US market.</li></ul>

UK neobank Monzo hits $5.9B valuation with secondary market sale

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