UK challenger bank Monzo has successfully raised an additional $190 million, bringing its valuation to $5.2 billion, up from $5 billion in March 2024 after raising $430 million earlier. This latest funding round, which brings the total raised in 2024 to $610 million, is aimed at supporting Monzo's plans for international expansion, particularly into the U.S. market. Meanwhile, startup neobank Mercury has introduced new bill pay and spend management software, positioning itself as a competitor to Brex and Ramp. Additionally, Nubank has reached 100 million users.