Monzo in talks to raise £300m in new funding at £3bn valuation

Monzo, one of Britain’s most prominent standalone digital banks, is in detailed talks to raise hundreds of millions of pounds at a sharply higher valuation despite a string of setbacks which have included curtailing its expansion in the US.

The company is in discussions with a number of investors about raising at least £300m in new funding, according to Sky News.

Read more: Sky News