Alpen Capital had advised Monument Bank Ltd, UK in fund raising for its Series B round for a 9% equity stake, from Dubai Investments PJSC.
About Monument Bank Limited
Monument is the first and leading digital bank focused on the very large but overlooked ‘mass- affluent’ segment in the UK. With a full banking license from the Bank of England, in its first year of operations Monument acquired assets of c.£100m, deposits of c.£145m and approximately 3000 customers. Monument is growing very rapidly, leveraging its modern, best-in-class technology, superior client service and exceptional Team and renowned Board of Directors. The highly experienced Team and Board of Directors comes from leading institutions such as Goldman Sachs, J.P.Morgan, Barclays, HSBC, McKinsey, Apollo, and others.
About Dubai Investments PJSC:
Dubai Investments PJSC, established in 1995, is one of the largest investment companies in the UAE, listed on the Dubai Financial Market (DFM). With an 11.5% ownership from the Investment Corporation of Dubai (ICD), a paid-up capital of AED 4.25 billion and total assets worth AED 22 billion, the Company’s diverse portfolio consists of 30+ wholly and partly owned companies in sectors like real estate, building materials, construction & contracting, financial services, healthcare, and education among others.