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The fintech Monzo is nearing a new round of funding that would value the company at about £3.6bn, according to people familiar with the matter.
The UK group could finalise a deal as soon as the next two weeks to raise as much as £350mn of capital, the people said.
Monzo announced in recent days that it has surpassed 9mn customers after adding 2mn in 2023, with more than 380,000 business customers.
Monzo declined to comment.
This is a developing story
