Summary
79
Insights
This section hypothesizes why Monzo can be a $10 billion dollar company in 10 years, in 10 lines or less.
Monzo, a London-based digital banking platform, shows potential due to its innovative approach and strong backing from investors like Thrive Capital and Y Combinator. Using a B2C SaaS model, Monzo offers user-friendly banking solutions appealing to tech-savvy millennials and Gen Z customers. The company provides competitive services, such as instant transaction notifications and fee-free international spending. However, Monzo faces competition from other digital-first banks and traditional financial institutions that are rapidly digitizing. Successful scaling and maintaining customer trust are crucial for Monzo's growth in the crowded fintech landscape.
Total funding Amount
Fundraising History
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May 08 '24 Series E$190M
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Mar 05 '24 Series E$430M
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Dec 01 '21 Unknown$500M
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Dec 01 '21 Unknown$100M
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Feb 01 '21 Unknown$69M
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Dec 01 '20 Unknown$80M
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Jul 01 '20 Unknown$6.3M
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Jun 01 '20 Unknown$75M
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Jun 01 '19 Series F$140M
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Feb 23 '17 Series C$25M
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Oct 21 '16 Series B$6.1M
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Feb 15 '16 Series A$6.4M
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Jun 30 '15 Seed$2.5M
Investors
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CapitalG
Series E -
HedosophiaSeries E
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Hongshan Fund
Series E
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GVSeries E
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Passion CapitalSeed
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AccelSeries F
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Goodwater CapitalSeries F
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General CatalystSeries F
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Y CombinatorSeries F
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LatitudeSeries F
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Thrive CapitalSeries C
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Orange VenturesSeries C
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Blue Wire Capital
Seed