Unicorn challenger bank Monzo has closed a $76 million funding round at a 40% valuation drop

· UK startup bank Monzo has raised £60 million ($76 million) in fresh funding as the high-profile fintech tries to rally against the economic impact of the coronavirus.
· Monzo's additional capital injection follows the firm announcing that it would lay off up to 80 staff.
· The company has experienced a reshuffle in its...