Monzo raises more money

Two months after raising $430 million, British banking startup Monzo has picked up another $190 million in funding as it looks to give the US market another push.

Monzo launched in the US in 2019 through a partnership with Sutton Bank. The startup wanted to acquire a full US banking license but it wasn’t able to satisfy bank regulators. The startup is now focused on re-entering the US.

Investors in this round included Capital G, Hedosophia, and GIC.