UK digital bank Monzo raised $430M led by Alphabet's CapitalG at a $5B valuation, up from $4.5B in December 2021, and plans to use funds to expand in the US (Financial Times)

Financial Times:
UK digital bank Monzo raised $430M led by Alphabet's CapitalG at a $5B valuation, up from $4.5B in December 2021, and plans to use funds to expand in the US  —  London-based digital bank raised $430mn from investors including CapitalG and HongShan  —  Monzo has secured a fresh round …