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Fintech

Monzo closes £60m fundraising round and reveals new investors

The digital bank has been forced to lay off hundreds of staff during the pandemic

Digital bank Monzo has secured a fresh injection of capital at a significantly lower valuation than the £2bn it was valued at in June 2019.

The start-up has secured £60m from existing investors and new backers, including the Swiss investment firm Reference Capital and Vanderbilt University.

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