Wednesday, October 31, 2018

British app bank Monzo hits unicorn status after latest fund raising

British app-only bank Monzo said on Wednesday that its backers now value the lender at 1 billion pounds ($1.3 billion), giving it unicorn status, after it raised 85 million pounds to fund the doubling of its workforce.


from Reuters: Technology News https://ift.tt/2ADZhOJ

No comments:

Post a Comment

Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...