UK neobank Monzo hits $5.9B valuation with secondary market sale | TechCrunch

October 20, 2024 2:33 AM0


Monzo is now valued at $5.9 billion after the U.K.-based challenger bank confirmed a secondary market share sale to provide liquidity for its employees. The transaction, first rumored yesterday, saw existing investors such as Singapore’s sovereign wealth fund (GIC) and StepStone Group procuring additional shares in the London-based fintech. A secondary market sale essentially rewards […]

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