# Monzo raised the money in a new funding round led by CapitalG, the independent venture arm of Google parent company Alphabet.

*fintech · news · 2024-03-05 · CNBC*

## Key points

- Monzo raised $430 million to relaunch its services in the U.S. market.
- CapitalG, Alphabet's venture arm, led Monzo's latest funding round.
- HongShan, formerly Sequoia China, participated in Monzo's funding for the first time.
- The new funds specifically target acceleration of Monzo's U.S. expansion after earlier regulatory setbacks.

**Companies:** Monzo, CapitalG, Tencent
**Countries:** United Kingdom, United States, China

[Read the full story on CNBC](https://www.cnbc.com/2024/03/05/uk-neobank-monzo-hits-5-billion-valuation-after-430-million-raise.html)

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