FF News Logo
Sunday, April 19, 2026
Consensus x FFNews

Breaking News

InsurTech NY: General Magic on How AI Text Agents Are Cutting Insurance Quote Time NOTO: Why AI Fraud Prevention Needs Human Interaction to Beat the ‘Tick in the Box’ Mentality MPE 2026: Mastercard and Deutsche Bank on Reducing Complexity for Merchants InsurTech NY: QuickFacts on Broker Data Houston Fraley on Why Security Is the Foundation of Trust in FinTech Fintech Meetup 2026: What Brings You to Fintech Meetup This Year? Pay360 2026: Why Are People Attending Pay360 2026? Finastra: Balancing Innovation and Trust in Payments NatWest Group to Expand Scope of Financial Education Into UK Workplaces to Help Address Confidence Gap Guidewire Launches ProNavigator, Embedding Expert AI Insights into Insurance Workflows Kin Launches Direct-to-Consumer Home Insurance in Oklahoma Slash Achieves Unicorn Status Following $100m Series C Fundraise City of San Diego Selects Klear.ai in a Highly Competitive Process to Modernize Risk Management Operations BingX Renews Chelsea FC Partnership, Bolstering Leadership in Global Sports Strategy Alkami to Expand GenAI Capabilities with the Launch of Alkami Code Studio

February 24 2017

Monzo to receive £19.5 Million in Investments

Share this post:

Share on LinkedIn Share on WhatsApp

Monzo have announced that they’ve agreed a new £19.5 million investment round with Thrive Capital, Passion Capital and Orange Digital Ventures.

Tom Blomfield, CEO of Monzo;

We’ll use this money to launch current accounts this summer, expand our team further, and continue to build Monzo into the world’s best bank

Last year our community invested £1 million in Monzo in what is still the fastest crowdfunding round in history — the response was just incredible. We’ve been determined to do another crowdfunding round and so, as part of this raise, we’ve reserved a further £2.5 million for our community, who can invest at the same valuation as Thrive, Passion, and Orange and take the total raise to £22 million.

There was so much demand last year that many people missed out, so we’ve taken extra steps this time to ensure as many people as possible have a fair chance to invest.

Next Tuesday (February 28th), we’ll begin a pre-registration period lasting two weeks when you can pledge the amount you’d like to invest through the Monzo app and Crowdcube website. You can pledge as little as £10 but, like last time, we’ll cap investment at £1,000 per person to give everyone a fair shot. In the event that more than £2.5 million is pledged, we’ll run a ballot from midday on Tuesday March 14th to randomly select the lucky winners and invite them to complete their investment through the Crowdcube website over the following few days.

Existing investors from last year’s crowdfunding round will automatically be eligible to invest again this time, if they wish. We’ll post full details of exactly how the crowdfunding investment will work on the 28th, as well as details of the perks we’re going to offer ?

We can’t wait to get started on the next stage of Monzo’s growth and we’d love for you to be involved! Keep an eye here on the blog, as well as our Twitter and Facebook accounts for all the details next Tuesday.

  1. InsurTech NY: General Magic on How AI Text Agents Are Cutting Insurance Quote Time

    Insurtech

     Read more
  2. NOTO: Why AI Fraud Prevention Needs Human Interaction to Beat the ‘Tick in the Box’ Mentality

    Fintech TV

     Read more
  3. MPE 2026: Mastercard and Deutsche Bank on Reducing Complexity for Merchants

    Event Videos 2026

     Read more
  4. InsurTech NY: QuickFacts on Broker Data

    Insurtech

     Read more
  5. Houston Fraley on Why Security Is the Foundation of Trust in FinTech

    Thought Leadership

     Read more
FinovateSpring | FFNews
More On