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New Deal


Announced

Completed

Abu Dhabi Growth Fund led a $600m funding round in Monzo.

Financials

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Transaction Value£444m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Cross Border

Completed

FinTech

Friendly

Private Equity

Venture Capital

Private

Minority

digital bank

Acquisition

United Kingdom

fintech

United States

Synopsis

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Abu Dhabi Growth Fund, a sovereign wealth fund of Abu Dhabi, led a $600m funding round in Monzo, a digital bank. Additional investors include Coatue, Alpha Wave Ventures, Accel, Goodwater and Tencent Holdings. ` “This round comes off the back of a fantastic year for Monzo. We’ve seen record revenues, launched new products and tools and continued to top the charts for our services. We’ve hired some incredible talent," TS Anil, Monzo CEO.

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