Hi @bailey & @tom,
Thanks for posting this comment in October. Looking ahead to the next capital raising round in early 2017, it would ease the concerns of many early investors if a rights issue was utilised, allowing existing shareholders to maintain their relative holdings (with additional proportional investment), without further dilution.
Like myself, I’m sure many investors remain strong supporters of Monzo and want to see the end vision (and value) of the company fully realised. To my mind, this includes securing a strong foundational position in the UK market - supported by relevant, high margin financial products for customers - followed by international expansion, before competitors beat Monzo to the punch.
This strategy will take time to realise, additional funding and sophistication in navigating regulatory requirements in each market. Patience from investors will be required as a result.
As an investor who is in it for the long term, it would be good to see Monzo support early (crowd) investors to maintain their relative shareholdings in future rounds on terms similar to institutional investors (i.e. non-dilutive). In addition to raising capital from new investors (further generating interest / marketing), this is a key step before additional liquidity in Monzo shares can be provided.