British app bank Monzo hits unicorn status after latest fund raising

British app-only bank Monzo said on Wednesday that its backers now value the lender at 1 billion pounds ($1.3 billion), giving it unicorn status, after it raised 85 million pounds to fund the doubling of its workforce.

from Reuters: Technology News https://www.reuters.com/article/us-britain-banks-monzo/british-app-bank-monzo-hits-unicorn-status-after-latest-fund-raising-idUSKCN1N500H?feedType=RSS&feedName=technologyNews
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