Alpen Capital advised Monument Bank Ltd, UK in raising the second tranche of its Series B round from Dubai Investments PJSC (“DI”). This tranche of £16.0 mn follows on from the first tranche of similar amount completed in February 2023, when DI had acquired approximately 9% equity of the Bank.

As a strategic investor, DI has now increased its investment in the Bank. Monument has successfully closed its Series B fund raising round, having raised over £ 40.0 mn from existing and new investors in this round.

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.£400m, deposits of c.£425m and approximately 8000 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 management continues to lead the bank successfully.

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.