Monzo joins UK tech unicorn club following £85m raise

Monzo, the UK challenger bank, has managed to raise £85m in Series E funding at a £1bn valuation, enabling it to reach unicorn status. 

The startup was founded in February 2015 and has grown its customer base to over 1 million users. 

The company currently hires 450 people and is looking to double this number over the next year. 

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