Monzo Employees Set to Cash in as Valuation Hits to £4.5 Billion

Hey FinTech Fanatic!

Monzo’s valuation is on the rise, now hitting £4.5 billion, and it’s giving hundreds of its employees a chance to profit from the boom.

The digital banking powerhouse announced a secondary share sale backed by some of the world's top tech investors. This sale will allow employees to sell a slice of their stakes as they gear up for the future. This comes just weeks before Chancellor Rachel Reeves is anticipated to hike the capital gains tax rate in her inaugural budget—talk about timing!

With over 10 million customers and a solid profitability track record, Monzo continues to shake up the UK banking scene. But that’s not all—Monzo’s latest moves signal big ambitions. From launching new pension products to rolling out accounts for under-16s, they’re rapidly expanding their reach and influence.

The bank, now one of Britain’s largest by customer count, is eyeing an IPO, and this share sale could just set the stage.

What do you think about this move? Tell me more in the comments!

Have a great weekend and I’ll be back on Monday with more FinTech news!

Cheers,

Marcel

FEATURED NEWS

🇬🇧 Monzo staff to sell shares as valuation soars again. Hundreds of employees of the digital bank Monzo Bank are being given the opportunity to sell part of their stakes in the company as its valuation soars to £𝟰.𝟱𝗯𝗻. Sky News has learnt that Monzo notified staff on Thursday that it was launching a secondary share sale.

#FINTECHREPORT

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INSIGHTS

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FINTECH NEWS

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PAYMENTS NEWS

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OPEN BANKING NEWS

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DIGITAL BANKING NEWS

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🇺🇸 Lakeside Bank selects Volante’s PaaS for RTP processing. The technology will assist Lakeside in deploying real-time payment and treasury services through both the RTP system operated by The Clearing House and FedNow, which the Federal Reserve launched in July of last year.

🇹🇷 tbi bank Opened Its Own Technology Hub in Türkiye. With this strategic move, the bank aims to not only accelerate the development and integration of innovative services into its products, but also expand its access to international talent.

🇬🇧 New HSBC boss ‘ready to cut jobs of senior bankers to save $300m’. Georges Elhedery, who took over as chief executive last month, is planning to remove a layer of senior bankers as part of a restructure that would result in the bank’s global banking and commercial banking units merging.

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BLOCKCHAIN/CRYPTO NEWS

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DONEDEAL FUNDING NEWS

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M&A

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🇬🇧 ClearCourse acquires B2B eCommerce platform GOb2b. The acquisition of GOb2b by ClearCourse enhances their software and payment solutions portfolio, offering integrated eCommerce features like live search, pricing updates, and complex shipping management. 

🇦🇺 Banked has acquired Australian payment technology firm Waave. The acquisition positions Banked as a leader in Australia’s Pay by Bank market and enhances its account-to-account payment solutions and supports the shift toward real-time payments in Australia and beyond.

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