UK digital bank Monzo raises $190 million, led by Hedosophia and CapitalG

U.K. digital bank Monzo raised $190 million, led by Hedosophia and CapitalG (Alphabet's independent growth fund), the latest financing brings Monzo's total funding this year to $610 million, with a valuation of $5.20 billion. Monzo CEO and co-founder TS Anil said he plans to use the cash to build new products and accelerate international expansion plans.