Monzo is discussing a capital raise of at least about $403 million, with DE Shaw considering a lead investment after takeover talks with Nu Holdings collapsed, Sky News reported on November 9.
The round could reach roughly $672 million at a valuation near $9.41 billion before new money, although terms remain unsettled. Monzo's October 2024 secondary share sale valued the bank at about $6.05 billion, according to Sky.
Monzo's app combines personal and business bank accounts with payments, borrowing, savings and investments. In its FY2026 review, the bank counted 10.4 million monthly active users; 49% used Monzo as their primary bank.
Monzo reported FY2026 revenue of about $2.29 billion, up 39%, and adjusted pretax profit of roughly $232 million, up 20%. Figures are in US dollars, converted at November 9, 2026 reference rates.
The bank's FY2026 review also records its launch in Ireland and a banking licence from the Central Bank of Ireland.