Business · Companies · 1 hr ago

Monzo reportedly in talks to raise up to £500m at £7bn valuation

Monzo reportedly in talks to raise up to £500m at £7bn valuation

Monzo is reportedly discussing a new fundraising of between £300m and £500m.

The talks involve the UK digital bank and would value it at around £7bn.

The reported discussions come weeks after potential takeover talks apparently collapsed.

A fundraising would bring money into the company, while a takeover would involve another party buying it.

The talks are reported, not confirmed as a completed deal.

No details are given on who might invest or when a deal could be finalised.

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