UK banking startup Monzo raises £60M at a ~£1.25 valuation, a drop of 40%, after it announced 80 layoffs at the beginning of June (Isabel Woodford/Sifted)

Isabel Woodford / Sifted:
UK banking startup Monzo raises £60M at a ~£1.25 valuation, a drop of 40%, after it announced 80 layoffs at the beginning of June  —  The round has been in the works for a number of months but was delayed by the pandemic.  —  Tom Blomfield, Monzo

via Techmeme