Challenger bank Monzo has ambitions to close a $ 150 m funding round by Last year , with the aim of reaching a $ 1.5bn valuation. The British company is looking to expand to US , and is also working on new services, such as offering short-term unsecured loans to its 800,000 users. The bank has also previously expressed interest in a US launch. It is adding 800,000 account holders every week . every week Monzo made a £33m ( 1.5bn ) loss on revenues of £1.8m .
Challenger bank Monzo has ambitions to close a $ 150 m funding round by Last year , with the aim of reaching a $ 1.5bn valuation. The British company is looking to expand to US , and is also working on new services, such as offering short-term unsecured loans to its 800,000 users. It is adding 800,000 account holders every week . every week Monzo made a £33m ( 1.5bn ) loss on revenues of £1.8m .