Monzo lands new cash from WeChat owner Tencent

UK neobank Monzo has landed a fresh injection of funding from Chinese tech giant Tencent. 

The Chinese company, which has a market capitalisation of $400bn, and owns financial super app WeChat, has invested $100m (£74m) as part of Monzo’s Series H round which values the company at $4.5bn (£3.3bn).

Read more: AltFi