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Monzo confirms secondary market share sale to provide liquidity for employees.
Monzo's valuation has risen to $5.9 billion following a secondary market share sale.
KEY POINTS
- Existing investors GIC and StepStone Group acquired additional Monzo shares in the transaction.
- Monzo now claims 20% of U.K. adults and 6% of U.K. businesses as customers.
- The company reported its first full-year pre-tax profit and doubled revenue year-on-year.
COMPANIES
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