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Challenger Bank Monzo Raises 2.46mn British Pounds on Crowdcube
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Challenger Bank Monzo Raises 2.46mn British Pounds on Crowdcube

Challenger Bank Monzo Raises 2.46mn British Pounds on Crowdcube

Fintech Nexus Staff·
EuropeFintechNews Roundup
·Mar. 30, 2017·1 min read

Monzo has set a new Crowdcube record with fundraising from over 6,800 investors in its current fundraising campaign; firm has raised of 2.46 million British pounds ($3.06 million) and is targeting 2.47 million British pounds ($3.07 million); the crowdfunding campaign is part of a broader Series C funding round for 22 million British pounds ($27.37 million) which includes a 19.5 million British pounds ($24.26 million) investment from Thrive Capital, 5 million British pounds ($6.22 million) from Passion Capital and 1.5 million British pounds ($1.87 million) from Orange Digital Ventures; the firm has raised a total of 35 million British pounds ($43.54 million) in growth capital including a funding of 1 million British pounds ($1.24 million) in March of 2016 on Crowdcube.  Source

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