Yes. No mention of any limit on that CrowdFunding page from the UK Regulators!
Here’s the details on the limit which is 5m Euros -
It looks like that limit is due to be increased to 8m.
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The cap of €5m only relates to Crowdfunding WITHOUT a prospectus. WITH a prospectus that cap does not apply.
The EP proposed the cap for funding without prospectus be increased to €8m. Are you aware if the Council of Ministers implemented that recommendation yet?
The draft EU Regulation proposed a simplified prospectus for fundraises below €20m.
I therefore can not see why any reference was made to the €5m cap. Monzo produced it’s own prospectus last time and assume they will do so again. With a prospectus the cap is not applicable.
Admittedly the prospectus may be quite detailed to some, but if the EP proposed Regulations are implemented a simpler version could be used up to €20m, and €20m is beyond what we are currently thinking about.
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To be clear, the investment deck which Monzo has published is not a prospectus - Tristan told me that last night.
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OK. Maybe this time they only have an investment deck, but just a few days ago I read in a blog which stated that last time Monzo “created their own prospectus”. I am trying to locate that source.
EDIT I happily stand corrected. The source I had read dated 8th December last year now comes up with Error Code 404 Page Does Not Exist. In the absence of any other source I will assume their reference to “created their own prospectus” refered to the ‘investment deck’
@alexs do you know if there will be a prospectus this time around? Or is the investment deck all that we’re getting?
There are the three documents that are posted on last year’s Crowdcube page (Financial Snapshot, Articles of Association and the Legal Explanation)? Will there be an equivalent this time around, or will they only become available on March 14th for successful investors?
There won’t be a prospectus this time (again, this comes from Tristan). It’s a lot of work for Monzo to create one - which is why there’s so much lobbying for the 5m cap on crowdfunding without a prospectus to be raised.
I don’t know the answer to this I’m afraid.
That’s fair enough, they definitely don’t need a prospectus to gather enough interest in investing. But a shame about the imposing cap.
Perhaps @tristan or someone else at 
can help answer the last part?
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Other companies, Brewdog I think is one example, have prepared prospectuses in order to avoid such limits. While it may be hard work, where there is the will there is the way.
Personally, I’d prefer they spend the effort making the product better. Opportunity cost, eh?
Yep, before actually investing through Crowdcube you’ll get access to the Financial Snapshot, the Articles of Association etc. like last time 
And you’ll have plenty of time to read them all and digest them before parting with your money. Hope that helps!
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This might be better on a different topic but I thought I might ask as I couldn’t find anything. The Banking Licence :mondo: applies for would give them access to the EU.
With Brexit coming will the Banking Licence still count for the whole EU or does this depend on the negotiations?
This depends on the negotiations. If we allow some freedom of movement for EU citizens to live and work in the UK they are likely to reciprocate by allowing us access to their markets. If we stubbornly clamp down on their access they are likely to restrict our ability to using passporting arrangements for banks and insurance firms.So we have to wait and see if the prime minister thinks about our economy and protecting the ability of UK financial companies to operate across europe or puts petty nationalism first even if this has serious ramifications for our financial sector. At the moment companies like Lloyd’s of London are looking at what steps they may have to take after a hard brexit and one option is to set up a subsidiary in the EU and trade under a license from there
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Interestingly, Monzo doesn’t appear if you go through the Crowdcube website, even if you search for it on their homepage.
A good thing, as it means existing Monzo customers and investors are more likely to be successful as they are the only ones being actively notified of this round.
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Can someone explain the ballot randomness to me please? Saw the explination on the live stream but it was all a bit over my head and I ended up needing a little lie down with it.
Anyone that has invested In any company on crowd cube or simply signed up to emails from them have been notified.
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This is how @rdingwall explained it in the slack channel:
@uncle_fungus the ballot will basically randomise the pledge list order, then we’ll walk down until the £2.5m amount is reached
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Yes, but you’ve had to pay more to go from 0.5% to 1.0%. That’s like saying, “if I put £1000 in a savings account, in ten years I’ll have more money than if I put £500 in a savings account.” Except that in this case, you have to pay more for the second 0.5%.
Yes, true. I should have said, “the value you hold will have the same growth curve, whether you invest in one round or two.” Thanks @duncang for your clear explanation of all the points.
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That’s… unexpected. I may do some comparison searching myself later.