Mondo Gives £1m of Latest Round to Crowdcube

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Crowdcube has got a piece of the latest Mondo round

The mobile-first challenger bank is raising £6m through a round being led by Passion Capital and Crowdcube will be responsible for finding £1m.

The pitch opens next week and Crowdcube punters can opt to get a slice of the action. The £1m on offer represents 3.33% of the equity, although investors will be capped at £1000.

Crowdcube said in a statement: “Mondo is raising investment to hire more people, develop their IT systems and push marketing and PR more aggressively. Passion Capital has already committed £5m of this round with Mondo turning down additional investment as they believe it’s important to let customers own part of the bank.”

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