UK app-based bank Monzo has completed its latest crowdfunding exercise, raising £20 million on Crowdcube in just two days, two hours and 45 minutes.
In 2016, Monzo raised a record-beating £1 million in 96 seconds through crowdfunding, and more recently took in another £2.5 million.
The second round saw more than £12 million pledged, prompting the latest, far bigger effort to give another shot to the people who missed out the first time.
Existing investors got first dibs, jumping in on 3 December with £2 million pledged. Eligible Monzo customers were next up, with 33,549 of them investing up to £2000 each through the bank's app, raising the remaining £17.9 million in just two hours and 45 minutes today.
In October the challenger joined the unicorn club on the back of a £85 million funding and has shot past the one million customer mark, claiming to own 15% of all new current accounts opened each month in the UK.
The latest crowdfunding exercise was not without controversy, after Monzo was criticised for allowing customers with overdrafts to join the the campaign.
Nonetheless the investment round caps a successful week for Monzo after it was crowned the UK's best-rated lender in an annual Which? poll, knocking long-standing champion first direct off its perch for the first time in ten years.