The challenger bank’s Vanderbilt University-backed series G has been boosted by new funding at the same $1.57bn valuation.

Monzo, a UK-based digital bank, secured £60m yesterday to increase a series G round featuring Vanderbilt University to £125m ($167m). The new funding came from conference operator Ted Global, Novator, Kaiser and Goodwater Capital, according to TechCrunch. Monzo confirmed it as an extension to its existing series G funding. Payment services provider Stripe, telecoms firm…

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