The Largest-Ever Crowdfunding Round for a Fintech Startup Completed in 2 Hours


Monzo has just raised £20m from 36,006 investors through crowdfunding, making it the largest-ever crowdfunding round for a fintech company.

The crowdfunding was opened to the public this morning (5th December) at 10 AM. In just 2 hours and 45 minutes, they have reached their crowdfunding goal of £20m. Monzo is now valued 40 times more than the valuation given at its first raise in early 2016.

Founded in 2015, Monzo has now more than 1 million users and accounts for 15% of all new bank accounts opening in the UK. It has achieved 80% of its growth through word of mouth and referral.

In October, Monzo has raised a £85m Series E round led by General Catalyst and Accel. The funding was at a pre-money valuation of £1 billion, making it the latest UK tech start-up to reach the unicorn milestone.

Challenger banks are now disrupting the traditional banking industry. As finance becomes digital, understanding financial technology is more and more critical to succeed in finance. At CFTE, to bridge the knowledge gap, we’ve developed a Fintech Foundation Course with 4 senior lecturers and 16 industry experts (Fintech CEOs, heads of innovation and investors). The course is designed for learners to get a solid knowledge of what’s happening in Fintech – with various examples such as Challenger Banks growth models. If you’re interested in joining the rank of our international alumni, join our online course and start learning from experts at your own pace.

Monzo’s hyper growth is one use case of how Digital and Technology are creating new opportunities in Finance. Join CFTE and embrace the change.

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The Largest-Ever Crowdfunding Round for a Fintech Startup Completed in 2 Hours


Monzo has just raised £20m from 36,006 investors through crowdfunding, making it the largest-ever crowdfunding round for a fintech company.

The crowdfunding was opened to the public this morning (5th December) at 10 AM. In just 2 hours and 45 minutes, they have reached their crowdfunding goal of £20m. Monzo is now valued 40 times more than the valuation given at its first raise in early 2016.

Founded in 2015, Monzo has now more than 1 million users and accounts for 15% of all new bank accounts opening in the UK. It has achieved 80% of its growth through word of mouth and referral.

In October, Monzo has raised a £85m Series E round led by General Catalyst and Accel. The funding was at a pre-money valuation of £1 billion, making it the latest UK tech start-up to reach the unicorn milestone.

Challenger banks are now disrupting the traditional banking industry. As finance becomes digital, understanding financial technology is more and more critical to succeed in finance. At CFTE, to bridge the knowledge gap, we’ve developed a Fintech Foundation Course with 4 senior lecturers and 16 industry experts (Fintech CEOs, heads of innovation and investors). The course is designed for learners to get a solid knowledge of what’s happening in Fintech – with various examples such as Challenger Banks growth models. If you’re interested in joining the rank of our international alumni, join our online course and start learning from experts at your own pace.

Monzo’s hyper growth is one use case of how Digital and Technology are creating new opportunities in Finance. Join CFTE and embrace the change.

Related Posts

  • Can a Banker be an Entrepreneur?

Can a Banker be an Entrepreneur?

May 7th, 2019|0 Comments

  Can a Banker be an Entrepreneur? There are many debates about whether it is possible to learn how to become an entrepreneur, and it is no different in the world of FinTech. The

  • CFTE Campus - The First Physical FinTech Campus

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May 1st, 2019|0 Comments

CFTE Campus - The First Physical FinTech Campus CFTE recently launched the world’s first ever physical FinTech campus at Level39 in Canary Wharf, London. In line with its aim to promote FinTech education, the aptly

Subscribe to our Weekly Newsletter