Fintech

The Fintech Files: Monzo’s busy year

Your guide to the week’s biggest fintech stories

Tuesday 30 April 2024 at 08:11

US expansion and new funding are adding to the digital bank’s workload in 2024
US expansion and new funding are adding to the digital bank’s workload in 2024 Photo: Rafael Henrique/Getty Images

Monzo’s £340m funding round in March was one of the largest fintech raisings in recent history. But the City-based firm’s expansion plans haven’t stopped there.

Monzo is set to expand its fundraising to roughly £500m to expand its offering and grow its business across different regions including the US.