Monument Bank reportedly eyeing £200m Series C ahead of 2027 Nasdaq listing
UK challenger Monument Bank is said to be gearing up for a £200 million capital raise ahead of plans for a 2027 initial public listing on New York’s Nasdaq exchange, according to Sky News, which cites undisclosed sources familiar with the matter.
Monument Bank reportedly plots £200m Series C
Existing and potential investors have been informed of the proposed Series C round, the report states, with approximately £30 million of the target amount said to be already secured.
This round would build upon the £135 million already raised by the challenger, including a £40 million Series B, and is expected to value the company at around £1 billion.
With the funds, Monument Bank intends to list on Nasdaq “by the end of 2027”, the report continues, with “a secondary listing on a major Middle Eastern or Indian exchange possible the following year”.
Launched in 2021, Monument Bank offers a range of savings products and wealth-tracking tools designed specifically for “mass affluent” clients. The challenger recently bolstered its C-suite, headed by former Barclays exec Ian Rand, with the addition of CTO Shaun Bohannon this month.
In a statement sent to FinTech Futures, the challenger said it was “grateful for the interest in our Series C fundraise”, while affirming the “strong future” expected for its business.
