China's Tencent buys small stake in UK digital bank Monzo

China's Tencent has taken up a small stake in Britain's digital bank Monzo as part of a fundraising, weeks after the bank fetched a valuation of $4.5 billion. Monzo did not disclose the details of Tencent's stake. In December 2021, Monzo received funding from investors such as Abu Dhabi Growth Fund and Coatue.