technology

Chinas Tencent buys small stake in UK digital bank Monzo

Chinas Tencent buys small stake in UK digital bank Monzo

Chinas Tencent has taken up a small stake in Britains digital bank Monzo as part of a fundraising, weeks after the bank fetched a valuation of $4.5 billion. Monzo did not disclose the details of Tencents stake. In December 2021, Monzo received funding from investors such as Abu Dhabi Growth Fund and Coatue..

technology 2022-01-01 Inshorts