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Tencent Invests in U.K. Digital Banking Startup Monzo

By
Juro Osawa
· · Source: Sky News

Chinese internet giant Tencent has invested in U.K. digital banking startup Monzo Bank, Sky News and other news outlets reported. Tencent’s investment is part of a $100 million top-up to Monzo’s latest funding round valuing the startup at $4.5 billion, according to Sky News. The top-up brings the total amount of money raised in the round to $600 million. Tencent, which operates China’s...

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