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UK digital bank Monzo is reportedly in talks to raise between £300m and £500m at a valuation of around £7bn. These discussions occur weeks after talks for a potential takeover apparently collapsed. The funding would support the fintech startup scene and neo-banking trends.
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Summary by ByteBrief
Monzo eyes £7.5bn raise after Nubank deal fails

Sources: UK neobank Monzo is exploring a new fundraising round valuing it at ~£7.5B after failing to be acquired by Nu Holdings and struggling to sell a stake (Financial Times)
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