According to the news, Monzo and Hedosophia, early supporters of Uber and Airbnb, have reached an agreement for Hedosophia to become a bank stakeholder.
According to City insiders, Monzo may make the announcement this week that Hedosophia and Singapore’s Government Investment Corporation (GIC) are taking part in a nearly £500 million fundraising campaign.
It’s one of the biggest rounds ever secured by a British digital startup thanks to the larger-than-expected investment.
According to an insider, Hedosophia was also investing tens of millions of pounds, while news was contributing more than £50 million.
