Alpen Capital has advised Monument Bank Ltd. in raising equity for its Series C1 round.
This round was led by Sheikha Amal Suhail Bahwan, who acquired a significant equity stake in the UK based neo bank. Furthermore, Toro D'Oro Investment Holding, a family office based in the Abu Dhabi Global Market (ADGM), also invested in the Series C1 round, taking the total funds raised in the round to USD 38.1 million (GBP 29.6 million).
Alpen Capital completed the Series B fundraise for Monument Bank Ltd. in 2022.
About Monument Bank Limited
With a full banking license from the Bank of England, Monument is the first and leading digital bank focused on the very large but overlooked ‘mass-affluent’ segment in the UK. Leveraging its best-in-class technology, superior client service, exceptional Team and renowned Board of Directors, Monument is rapidly scaling up. It successfully crossed the £2.0 billion mark in client deposits, doubling in less than four months from the £1.0 billion deposits achieved at beginning of 2024. The highly experienced management continues to lead the bank successfully.
About Sheikha Amal Suhail Bahwan:
Sheikha Amal is one of the most prominent businesswomen in the GCC with extensive experience in managing various organizations. She currently serves as the Chairperson of the National Bank of Oman SAOG, Al Jazeera Steel Products Company SAOG, Al Afia Health Development & Investment Company SAOC, and DHL Global Forwarding & Partners LLC. She is also the Vice Chairperson of the Suhail Bahwan Group Holding, one of the largest conglomerates in Oman, and a member of the Board of Directors for Oman Oil Marketing Company SAOG (OOMCO), National Pharmaceutical Industries Co. SAOG, and the Board of Trustees of the Silatech Institution.
Based in ADGM, Toro D’Oro Investment Holding is the family office of an Omani family. The firm invests in listed and unlisted securities as well as in other asset classes. They have been an early stage investor in some of the Indian Companies in HealthCare, Fintech, Manufacturing, IT and Education sectors that achieved robust growth and were later listed.
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