fintech / news / / Sky News
Alphabet, the $1.7trn (£1.4trn) technology behemoth which owns Google, is in talks to take a stake in Monzo.
Alphabet's Capital G is close to leading a funding round for Monzo over £300m.
KEY POINTS
- 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
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