Monzo is set to clinch another £350m in funding from investors, including a fund owned by Google’s parent company Alphabet, signalling a vote of confidence in the UK digital bank that could push its valuation to £4bn.
The bank, known for its hot coral coloured debit cards, was last valued at $4.5bn (£3.5bn), after a $600m fundraising in late 2021.
But interest from the likes of Alphabet’s investment fund CapitalG, which is leading the…