Orrick has advised both Stripe and Goodwater Capital on a $144 million Series F financing round in Monzo, a U.K.-based challenger bank. This brings Monzo’s valuation to $2.5 billion. The round was led by Y-Combinator and included existing institutional investors, General Catalyst, Accel, Passion Capital, Thrive Capital and Orange Digital Ventures.
Orrick previously advised Stripe and Goodwater in Monzo’s $93 million Series D and $110 million Series E financing rounds. The Orrick team advising on this round includes John Bautista, Harold Yu, Shawn Atkinson, Diana Gillis, Brandon Sanders, John Harrison, Jamie Moore and Stephen Tallon.