Trendy challenger bank Monzo is Britain’s latest unicorn startup

Banking startup Monzo became the latest UK firm to reach coveted unicorn status after a secured a £85 million funding round, giving it a valuation of £1 billion (or $1.3 billion). We're excited to announce that we've closed a new round of funding! 🎉https://t.co/n27ZoN7KW5 — Monzo (@monzo) October 31, 2018 In total, the company has raised almost £192 million from a swathe of top-tier investors, including Stripe, Accel Ventures, and General Catalyst. Most notably, the company has also relied on equity crowdfunding in the past and reportedly plans to raise a further £20 million from ordinary retail investors later this…

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