Monzo Smashes £20 Million Crowdfunding Target

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Challenger bank Monzo today smashed through its £20 million crowdfunding target in just two days, two hours and 45 minutes.

The bank raised nearly £3 million in a blistering 60 seconds and £17,961,551 in just under three hours today.

Some 33,549 new investors joined the round.

Two previous Monzo crowdfunding rounds saw 7,395 people invest their money. It also held a Series E late stage venture funding round in October 2019, raising £85 million at a pre-money valuation of £915 billion. It’s now considered a rare UK tech unicorn.

Monzo, which built its

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