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UK neobank Monzo hits $5.9B valuation with secondary market sale | TechCrunch

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84% Informative

U.K.-based challenger bank Monzo confirms secondary market share sale to provide liquidity for employees.

Singapore ’s sovereign wealth fund GIC and StepStone Group bought additional shares in the London -based fintech.

Monzo raised $190 million in May , just two months after kicking off a $425 million Series I round.

VR Score

84

Informative language

84

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45

Article tone

semi-formal

Language

English

Language complexity

48

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not offensive

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not hateful

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not detected

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short-lived

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