UK-based VC firm Hedosophia supported the raise as a new investor, alongside existing investors including CapitalG, the independent growth fund of Google’s parent company Alphabet.
The new funding adds to Monzo’s initial $430 million raise in March, which was led by CapitalG.
In a statement, TS Anil, CEO of Monzo, claims the additional funding exemplifies “the momentum and strength of our business model”, and hints that “with even more rocket fuel for our ambitions” that the “best of Monzo is yet to come”.
