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MONZO BANK
Monzo Bank
Fintech · London, England · United Kingdom · Founded · 2015 · ≈ · 5,275 · employees

Monzo Bank Funding — Last Valued at $5.9B

Private

Monzo Bank has raised $1B across 3 funding rounds, plus 1 undated round. The latest round valued Monzo Bank at $5.9B secondary, with GIC, StepStone Group on the lead line.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Monzo Bank funding · at a glance
Total raised, all rounds
$1B
some round sizes not disclosed
Funding rounds
3
plus 1 undated round
Latest round
$5.9B
secondary · Oct 2024
Lead on that event
GIC
employees
2024
About Monzo Bank

Monzo Bank is backed by investors including Y Combinator and Stripe. Ownership of the company passed from Passion Capital Fs (Gp) Llp between 2016 and 2021 to Monzo Bank Holding Group Limited, which has held the company since 2021.

Funding timeline

The Monzo Bank funding timeline

3 funding rounds, the latest highlighted.

2015
Monzo Bank founded

Monzo Bank was founded in 2015, United Kingdom.

UNDATED
Series H

No date is disclosed for this round.

JUN 2019
Series F at $2.5B post-money

Latitude, General Catalyst, Stripe, Passion Capital, Thrive, Goodwater, Accel, Orange Digital Ventures. Led by Y Combinator Continuity.

Valuation basispost-moneyAmountPrice / shareLeadY Combinator Continuity
MAR 2024
Series I at $5.1B post-money

Google Ventures, HongShan Capital, Passion Capital, Tencent. $431.3M raised, led by CapitalG.

Valuation basispost-moneyAmount$431.3MPrice / shareLeadCapitalG
OCT 2024LATEST
Secondary sale at $5.9B secondary

Employees. Led by GIC, StepStone Group.

Valuation basissecondaryAmountPrice / shareLeadGIC, StepStone Group
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Monzo Bank funding rounds in full

3 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Secondary sale LATEST
Oct 2024
—
$5.9Bsecondary
—
GIC, StepStone Group
employees
Series I
Mar 2024
$431.3M
$5.1Bpost-money
—
CapitalG
Google Ventures, HongShan Capital, Passion Capital, Tencent
Series F
Jun 2019
—
$2.5Bpost-money
—
Y Combinator Continuity
Latitude, General Catalyst, Stripe, Passion Capital, Thrive, Goodwater, Accel, Orange Digital Ventures
Series H
—
$600M
—
—
Abu Dhabi Growth Fund
—
Monzo Bank · investors

Investors

AAbu Dhabi Growth FundLEADGGICLEADStepStone GroupLEADCapitalGLEADY Combinator ContinuityLEADY CombinatorStripeThrive CapitalHHorizon VenturesGoodwater Capital

Frequently asked questions

Who has invested in Monzo Bank?›

Lead investors for each round are in the funding timeline.

How can I get exposure to Monzo Bank?›

The routes section explains what is realistically available for a company at this stage.

Is Monzo Bank publicly traded?›

No. Monzo Bank is a private company; its shares do not trade on a public exchange.

What is Monzo Bank's valuation?›

The last valuation is $5.9B.

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