Monzo Raises $80 Million At Lower $1.6 Billion Valuation
PYMNTS
DECEMBER 3, 2020
Due to the pandemic, Monzo suffered reduced card spend both at home and abroad, meaning less revenue for interchange fees coming in, according to TechCrunch. layoffs and the closing of the bank's Las Vegas office. But others, TechCrunch reported, could see this as a "legitimate FinTech market correction.".
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