Monzo is exciting again: Alphabet to invest £300-500M in a funding round valuing the digital bank above £4 billion 🤯; Strong growth & profitability: Affirm is becoming a force to be reckoned with 📈

FinTech is Eating the World, 20 October

Hey Everyone,

Happy Monday! I hope you managed to relax over the weekend (I know that the OpenAI drama kept all of us awake 😵‍💫) because we’re starting the new week strong. Today we’re looking at Monzo that’s aiming to scoop $500M from Google (what’s the story behind & what it means + lots of bonus reads and deep dives into Monzo and beyond), and Affirm that’s becoming a force to be reckoned with (strong growth & profitability is making me optimistic + some bonus dives into Affirm). Let’s jump straight into the fascinating stuff 🌶

Monzo is exciting again: Alphabet to invest £300-500 million in a funding round valuing the digital bank above £4 billion 🤯

The BIG news 🗞️ Google's GOOGL 0.00%↑ parent company Alphabet is in advanced talks to acquire a stake in British digital bank Monzo through its investment arm Capital G, according to reports.

The deal could see Monzo valued at over £4 billion in a funding round of between £300-500 million. Huge.

Let’s take a closer look at this, see why it’s important and what’s next for Monzo.

Plus, lots of bonus reads and deep dives.