# Alphabet, the $1.7trn (£1.4trn) technology behemoth which owns Google, is in talks to take a stake in Monzo.

*fintech · news · 2023-11-18 · Sky News*

## Key points

- Alphabet's Capital G is close to leading a funding round for Monzo over £300m.
- The new round could value Monzo at more than £4bn, its highest valuation to date.
- This fundraising is expected to be Monzo's last before a public stock market listing.
- Monzo is projected to be profitable this year for the first time as a standalone digital bank.
- Monzo recently established a holding group structure to facilitate international expansion and regulatory compliance.

**Companies:** Alphabet, Monzo
**Countries:** Britain, United States, China

[Read the full story on Sky News](https://news.sky.com/story/alphabet-fund-spells-bumper-valuation-for-uk-digital-bank-monzo-13010756)

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