Is Monzo's 40% drop in valuation a sign of things to come for fintech startups?

Source:- FinTech Futures

Is Monzo Bank’s 40% drop in valuation a sign of things to come for tech start-ups?

London-based digital bank, Monzo Bank, is set to be the next fintech company facing the fallout from the coronavirus pandemic as investor interest has dampened across various industries over the past few months.

According to sources close to the raise, Monzo Bank is set to close its latest round of funding at around a £1.25 billion valuation, which falls considerably short of the £2 billion secured at the conclusion of its last funding round in June of last year.

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Is Monzo's 40% drop in valuation a sign of things to come for tech start-ups? - FinTech Futures

Is Monzo's 40% drop in valuation a sign of things to come for tech start-ups?