Britain biggest start-up digital bank launched in 2015 and now has more than 1m customers, more than half of whom are thought to be under 30 years old. Customers do everything via a mobile app including identity verification using their phone’s camera. The only physical element is a card to make transactions.
Monzo is expected to attract a valuation of up to $1.5bn at its next financing round, potentially in late 2018. Media reports suggest retail investors may be able to take part via crowdfunding platform Crowdcube, as per a previous fundraise in 2016. (DC)
The worldwide water sector is among the most exciting of sustainable long-term investment trends. Among the relevant companies is Xylem, a $14.5bn water technology expert offering a broad range of equipment, analytics, products, and services to transport, treat and test water for utilities, industry and agriculture.
Xylem’s portfolio of products and services address the cycle of water, from collection, distribution and use to the return of water to the environment.
It is the top holding in investment fund Pictet Water (B516BZ3) and also sits within Bankers
Investment Trust’s (BNKR) portfolio. Xylem’s shares are listed in New York. (JC)