Britain's Monzo flags going concern doubts due to COVID-19 impact

Monzo said in its annual report that its directors remain confident in the company's ability to raise capital if needed.As the impact of the coronavirus pandemic on its business began to bite, Monzo had to accept a 40% cut in its valuation in a June fundraising, with the 60 million pound raise valuing it at 1.25 billion pounds, down from 2 billion last year..