Global law firm White & Case LLP has advised Novator Partners on its investment as lead investor in a Series G follow-on investment in Monzo Bank Limited.
"Monzo is one of the leading app-based banks in Europe and perfectly fits Novator's investment focus on companies that are market disruptors," said White & Case partner Ian Bagshaw, who co-led the Firm's deal team. "This is the latest in a number of deals on which we have advised Novator and is further evidence of our expertise advising on investments in fast growing tech businesses."
Novator Partners is an investment firm founded and led by the Icelandic entrepreneur and businessman, Thor Björgólfsson. It is focused on the telecommunications, health and media/technology sectors.
Founded in 2015, Monzo is focused on disrupting the traditional banking sector by creating a new kind of bank built for smartphones and designed for the way we live today. Monzo became a regulated bank in 2016 and now has more than 4.2 million customers. The company's existing investors include Y Combinator, General Catalyst, Accel, Stripe, Goodwater, Thrive and Passion Capital.
The White & Case team in London which advised on the transaction was led by partners Ian Bagshaw and Daniel Turgel and associate Helen Pantelides, with support from partners Jonathan Rogers and Tim Hickman and associates Ben von Maur and Elena Ruggiu.
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