Monzo valued at £2bn after fresh funding round from US

Digital bank takes £113m from investors led by Y Combinator, jumping rival Revolut in valueDigital bank Monzo has doubled its value to £2bn after closing a fresh round of investor funding.The valuation of the London-based bank leaped as it confirmed it had raised £113m from a group of investors led by Y Combinator, a US-based investment firm best known for backing holiday letting platform Airbnb, file hosting service Dropbox and online forum Reddit. Continue reading...