Monzo has announced a €397 million ($400 million) funding round led by CapitalG, Google’s independent growth fund. The UK's largest digital bank, with over 9 million customers, is currently valued at $5 billion.Monzo Raises €397 Million to Fuel Expansion PlansThe round also saw participation from global tech investors, such as GV (Google Ventures), HSG (HongShan Capital), and existing backers (Passion Capital and Tencent).The funding round values Monzo at a post-money valuation of $5 billion, a significant increase from its previous $4.5 billion valuation in late 2021.