# Monzo funding rounds and investors

As of 13 Oct 2026, Monzo has raised $1.51B across 7 verified rounds on record (amounts in other currencies converted to USD), plus 1 round still being checked; latest: £150 million ($190 million) Series I, announced 8 May 2024.

Monzo offers personal and business banking services, focusing on current accounts, savings, insurance, loans, and credit cards primarily for UK residents.

Website: https://monzo.com  
Headquarters: UK  
Page: https://fireround.dev/companies/monzo.com

## Verified rounds

| Announced | Round | Amount | Lead investors | Other investors | Sources |
| --- | --- | --- | --- | --- | --- |
| 2024-05-08 | Series I | £150 million ($190 million) | not stated | CapitalG, Hedosophia | [techcrunch.com](https://techcrunch.com/2024/05/08/uk-challenger-bank-monzo-nabs-another-190m-at-5-2b-valuation) |
| 2024-03-05 | Growth | $430 million | CapitalG | Passion Capital, Tencent, GV (Google Ventures), Hongshan Capital | [techcrunch.com](https://techcrunch.com/2024/03/05/monzo-the-uk-challenger-bank-with-9-million-customers-raises-430-million) |
| 2021-12-08 | Series H extension | $475 million | Abu Dhabi Growth Fund | Coatue, Alpha Wave, Accel, General Catalyst, Goodwater Capital, Passion Capital, Octahedron Capital, Thrive Capital | [reuters.com](https://www.reuters.com/business/finance/monzo-valuation-jumps-45-billion-after-fresh-funding-round-2021-12-08), [taylorwessing.com](https://www.taylorwessing.com/en/insights-and-events/news/media-centre/press-releases/2021/12/advising-monzo-on-its-500m-series-h-fundraising) |
| 2020-06-16 | Down round extension | £60 million | not stated | Reference Capital, Vanderbilt University, Y Combinator, General Catalyst, Accel, Stripe, Goodwater Capital, Orange Ventures, Thrive Capital, Passion Capital | [techcrunch.com](https://techcrunch.com/2020/06/16/monzo-confirms-60m-down-round) |
| 2019-06-24 | Series F | £113 million (~$144m) | Y Combinator, Y Combinator Continuity | Latitude, General Catalyst, Stripe, Passion Capital, Thrive Capital, Goodwater Capital, Accel, Orange Digital Ventures | [techcrunch.com](https://techcrunch.com/2019/06/24/monzo-series-f) |
| 2018-10-30 | Series E | £85 million | General Catalyst, Accel | Passion Capital, Goodwater Capital, Thrive Capital, Orange Digital Ventures, Stripe | [techcrunch.com](https://techcrunch.com/2018/10/30/monzocorn) |
| 2017-11-06 | Funding round | £71 million ($93 million) | not stated | Goodwater Capital, Stripe, Passion Capital, Michael Moritz | [businessinsider.com](https://www.businessinsider.com/monzo-startup-raises-71-million-2017-11) |

Source: Fireround (https://fireround.dev), an open-source funding feed. Each round is checked against the pages listed with it.