Monument Technology was founded in 2023 following the success of Monument, a UK challenger bank for the mass affluent, and offers a cloud banking platform that combines core banking, payments and customer channels into a single offering. Its platform is designed to plug into existing tools such as Mambu, Salesforce and NICE Actimize. The company says the recent £18M seed raise exceeded an initial £10M target and will fund team and platform scaling and further innovation. Monument Technology aims to meet growing demand from banks and fintechs that prefer outsourcing the full banking stack. Management includes CEO Steve Britain and founder/vice chair Mintoo Bhandari, who commented on using the funds to scale the business. The company has indicated it is pursuing a Series A at a higher valuation.

Total raised

$24M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2026