As public equity capital markets re-open amid hopes that rates might fall later this year, it looks as if private equity investors are also rediscovering their appetite to back growth companies in the fintech sector, after losing interest in 2023.
Last week, CapitalG, Alphabet’s independently managed venture fund, led a £340 million Series I round for Monzo, the UK challenger bank that began in 2017 with prepaid cards and now offers payments, instant access savings, investments and business banking.
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