Monzo, the U.K.-based neobank, has reached a valuation of $5.9 billion following a successful secondary market sale aimed at providing liquidity for its employees. The sale involved existing investors like Singapore’s GIC and StepStone Group acquiring additional shares. This year has been pivotal for Monzo, having raised $190 million in May and reporting its first full-year pre-tax profit. With plans for European expansion and a push into the U.S. market, Monzo continues to attract significant investor interest, reflecting its growth trajectory in the competitive fintech landscape.