London-based fintech disruptor Monzo has secured a $5 billion (£3.95 billion) valuation in a funding round led by Google parent Alphabet’s venture capital wing CapitalG. Sequoia Capital spinoff HongShan and existing backers Tencent and Passion Capital contributed to the$430 million funding round, according to a report by the Financial Times. Monzo chief executive TS Anil told the FT that the funding will go to its plans for US expansion, following an unsuccessful attempt in 2021. Monzo was valued at £3.5 b ...