- British challenger bank Monzo aims to raise £300 million in fresh funds through a share sale.
- In discussions with blue-chip investment funds to value the firm at over £3.5 billion.
- This move could make Monzo the highest-valued digital bank in the UK.
- The fundraise is rumored to precede a potential future initial public offering (IPO). Previously considered a merger with Nordic neobank Lunar but Lunar CEO denies any merger intention.
- Fundraising talks are ongoing with details and investors expected to be finalized by year-end. Monzo, headquartered in London, founded in 2015, serving over 8.5 million customers. Recently appointed Conor Walsh as the new US CEO to expand into the US market.
