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Monzo, the UK digital bank, reaches a valuation of $5 billion following its latest funding round | |
In this week’s global payments news roundup, Monzo secures a significant investment of $430 million to fuel its expansion plans in the U.S., with Alphabet’s CapitalG among the key investors. This infusion brings Monzo’s valuation to $5 billion, marking a remarkable turnaround from its previous valuation of $2 billion in 2022. Monzo, which achieved profitability in 2023, aims to renew its U.S. market ambitions, this time seeking a partnership instead of pursuing a banking license. Meanwhile, Stripe introduces Tap to Pay technology for iPhone in the U.K., enabling businesses to accept contactless payments without additional hardware. This move follows Stripe’s successful implementation of Tap to Pay in the U.S. The technology, also known as softPOS, offers a low-cost payment option, particularly beneficial for small businesses and sole proprietors. Banks like TD Bank and JPMorgan Chase are incorporating Tap to Pay into their mobile banking apps to expand merchant acquiring services. For more details please visit our website - https://www.fortuneviews.com/monzo-the-uk-digital-bank-reaches-a-valuation-of-5-billion-following-its-latest-funding-round/  | |
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| Target State: California Target City : Carlsbad Last Update : Aug 30, 2025 2:53 AM Number of Views: 10 | Item Owner : fortuneviews Contact Email: (None) Contact Phone: (None) |
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USNetAds > Communities > News & Events > Item ID 133142946
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2025-08-30 (0.577 sec)