Orange and Stripe returned for a $75.9m round that cut the mobile bank's valuation from more than $2.5bn to under $1.6bn.

UK-based digital bank Monzo has completed a £60m ($75.9m) funding round that included telecommunications firm Orange and digital payment processor Stripe, TechCrunch reported on Tuesday. Y Combinator, General Catalyst, Accel, Goodwater Capital, Thrive Capital, Passion Capital, Reference Capital and Vanderbilt University also participated in the round. It valued the company at approximately $1.57bn, down roughly…

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