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Monzo raised the money in a new funding round led by CapitalG, the independent venture arm of Google parent company Alphabet.
Monzo raised $430 million to relaunch its services in the U.S. market.
KEY POINTS
- 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
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