Monzo Bank Is Reportedly Preparing a New Private Share Sale
Hey Digital Banking Fanatic!
The UK neobank is reportedly gearing up for a new private share sale, working alongside Morgan Stanley.
The idea is to explore a fresh funding round and assess investor appetite, according to sources familiar with the matter.
While details are still unclear, the move comes as other high-profile FinTechs, like Revolut, raise large rounds to cement valuations and delay public listings.
This would follow Monzo’s impressive $620 million raise last year, backed by names like Alphabet’s CapitalG and Hedosophia. Five months later, a secondary share sale for employees valued the neobank at $5.9 billion.
Founded a decade ago, Monzo now serves 13+ million customers and recently posted a £60.4M ($80.6M) pretax profit, a sharp jump from £15.4M the previous year.
With a flashy digital-first platform and growing financial performance, Monzo is part of the new generation of European challenger banks attracting serious investor interest.
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