Orange Digital Ventures and Stripe both returned for a $144m round that doubled the digital bank's valuation to $2.5bn.
UK-based digital bank Monzo secured £113m ($144m) yesterday in a funding round featuring telecommunications company Orange’s corporate venturing, arm Orange Digital Ventures, and payment technology provider Stripe.
Accelerator operator Y Combinator led the round through its Continuity Fund, while Latitude, General Catalyst, Passion Capital, Thrive Capital, Accel and Goodwater Capital also took part.
The round took the company’s valuation to more than $2.5bn, confirming rumours concerning the round that first emerged two months ago.
Monzo operates a digital bank…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
