Startup Around

Inside Revolut and Monzo’s mammoth funding rounds


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In preparation, we assess the mood behind the scenes, investor concerns about margins, as well as long-term funding doubts.
An imminent influx of cash coincides with a C-suite reshuffle at the UK bank.
According to a former digital bank executive, who requested anonymity, prospective investors are therefore starting to apply more intense scrutiny than in previous years.
Specifically, Monzo and Revolut have been largely propped up by tech investors to date (Starling, in contrast, has avoided venture capital funding).
Meanwhile, Revolut told Reuters in November that its prospective funds would go towards “a global hiring spree”, building its staff from 1,800 to 5,000. | To read full story, visit https://startuparound.com/read/1581921108.2896576/Inside-Revolut-and-Monzo’s-mammoth-funding-rounds?ref=audio_experience
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Startup AroundBy Startup Around