Alphabet’s CapitalG fund among investors understood to be taking stake in company founded in 2015Monzo is set to clinch another £350m in funding from investors, including a fund owned by Google’s parent company Alphabet, signalling a vote of confidence in the UK digital bank that could push its valuation to £4bn.The bank, known for its hot coral coloured debit cards, was last valued at $4.5bn (£3.5bn), after a $600m fundraising in late 2021. Continue reading…
