Digital bank Monzo sizes up IPO

By Emily Nicolle on Wednesday 15 November 2017

Digital Banking

The London-based bank is looking to the future in a big way with its latest hint.

In an advertisement for a new Chief Financial Officer, Monzo has let on about its plans for an IPO within three to four years time.

The posting, published today on Monzo’s job site, says:

Alongside the CEO, you'll be heavily involved in future capital raising - pitching to investors and negotiating the best terms. In the next 3-4 years, it's likely you'll be responsible for taking the company through an IPO.

It’s a sign that the bank is preparing to hit the big time, as it has previously mentioned aims for US, European and Asian expansion outlined as part of its ultimate ambition to achieve 1 billion users.

It appears alongside another vacancy for a headline position as Chief Product Officer, indicating a minor switch up in the Monzo leadership.

The news comes as the digital bank recently celebrated securing a total of £71m in its latest fundraising round, through a combination of new and old investors.

As the rolling out of its new current account gets firmly underway with users who weren’t part of the initial preview being invited to participate this week, it’s clear that Monzo is setting itself up for an exciting 2018.

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