{"id":124499,"date":"2019-06-25T10:30:39","date_gmt":"2019-06-25T10:30:39","guid":{"rendered":"https:\/\/www.bnreport.com\/monzo-smashes-past-2bn-valuation-in-fresh-round-from-silicon-fund\/"},"modified":"2019-06-25T10:30:39","modified_gmt":"2019-06-25T10:30:39","slug":"monzo-smashes-past-2bn-valuation-in-fresh-round-from-silicon-fund","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/monzo-smashes-past-2bn-valuation-in-fresh-round-from-silicon-fund\/","title":{"rendered":"Monzo smashes past \u00a32bn valuation in fresh round from Silicon fund"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.cityam.com\/wp-content\/uploads\/2019\/06\/Monzo-Card-2-960x720.jpg\" \/><\/p>\n<p>Just six months on from its last capital plug, digital bank Monzo has raised \u00a3113m from major US tech investor Y Combinator in a round that values the startup at more than \u00a32bn.<\/p>\n<p>Through its Continuity fund, Y Combinator joined the round alongside other investors including Latitude, General Catalyst, Stripe, Passion Capital, Thrive, Goodwater, Accel and <br \/>Orange Digital Ventures.<\/p>\n<p>At an increase of more than \u00a31bn since its last valuation in October, the new figure puts Monzo ahead of its largest rival Revolut \u2013 last valued at $1.7bn (\u00a31.3bn) in April 2018.<\/p>\n<p>However it lags behind European competitor N26 and fellow fintech star Transferwise, valued at $2.7bn and $3.5bn respectively.<\/p>\n<p>Y Combinator is best known for its long-running startup accelerator, which has produced the likes of Airbnb, Dropbox and Coinbase.<\/p>\n<p>The Silicon Valley stalwart rarely invests in companies that are not alumni, however Monzo chief Tom Blomfield previously went through the programme via his involvement in fintech startup Gocardless.<\/p>\n<p>A spokesperson for Monzo said it will use the funding to continue strategies already in the pipeline, such as its recent US expansion.<\/p>\n<p>Continuity partner Anu Hariharan t<a href=\"https:\/\/www.cityam.com\/monzo-smashes-past-2bn-valuation-in-fresh-round-from-silicon-fund\/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=monzo-smashes-past-2bn-valuation-in-fresh-round-from-silicon-fund\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>Read More \u2013 Source<\/strong><\/a><br \/>\n[contf]<br \/>\n[contfnew]<br \/>\n        <img decoding=\"async\" src=\"https:\/\/loopup.com\/app\/uploads\/2016\/08\/cityam-logo.jpeg\" \/><\/p>\n<h5><a href=\"http:\/\/www.cityam.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">CityAM<\/a><\/h5>\n<p>[contfnewc]<br \/>\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just six months on from its last capital plug, digital bank Monzo has raised \u00a3113m from major US tec..<\/p>\n","protected":false},"author":1,"featured_media":124500,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-124499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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