Tencent Takes a Stake in U.K. Bank Monzo’s Latest Funding Round

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British-based digital bank Monzo has confounded expectations by securing a $4.5bn (£3.3bn) valuation

“The high level of investor interest we’ve had in this round is testament to our performance as well as the huge opportunity that lies ahead,” Monzo Chief Executive Officer TS Anil said in an emailed statement. 

Sky News reported the investment earlier Friday. 

Written by Alex McCurthy

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