The digital bank, whose shareholders include Orange and Stripe, has added $108m to its coffers in a round led by General Catalyst that valued it at almost $1.3bn.
Monzo, a UK-based mobile financial services provider backed by telecommunications firm Orange, closed an £85m ($108m) funding round today led by venture capital firm General Catalyst.
VC firm Accel also participated in the round, as did unnamed existing investors. It valued the company at approximately $1.28bn pre-money, according to TechCrunch.
Monzo has allocated additional shares to a crowdfunding campaign later this year and while a figure has not yet been announced, the company stated it would be larger than $3m.
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