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The round brings Monument’s total funds raised to around £40m ahead of its launch this summer.  Monument is in the last stages of securing a license with banking regulators having received its “authorisation with restriction” licence last October.  The team are looking to capture a portion of the UK’s growing affluent market with a model that it claims rewards loyalty.  “If an existing saver deposits money for a subsequent fixed term, they will get a better rate than a new customer,” Monument said. “And an existing borrower who renews their loan will also get a favourable rate.”  The challenger will be hoping its top team’s wealth of experience will accelerate the process.Chairman Niall Booker is a former chief executive of The Co-Op Bank and chief executive Mintoo Bhandari spent 11 years as senior partner and managing director of Apollo Global Management. 

United kingdomHarry handelsmanNiall bookerMintoo bhandariEric zinterhoferStop bankSt pancras renaissance hotelAtom bankSearchlight capitalStandard charteredChairman niall bookerCo op bankApollo globalஒன்றுபட்டது கிஂக்டம்நியால் புக்கர்மீண்டூ பண்டாரி