Competitor update

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Some interesting stats from this story

http://www.bloomberg.com/news/articles/2016-09-28/neobanks-chasing-u-k-s-biggest-lenders-face-battle-for-survival?utm_content=bufferdea51&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

that help put the Atom user figures (Bloomberg says which are actually lower at 1,800 customers) in context

Atom

1,800 customers & 16 million pounds deposited

Monzo

35,000 prepaid debit cards & 31.7 million pounds deposited

So roughly the same number of users as Atom (40,000) but twice the value of deposits, despite no FSCS protection? Something’s not adding up there :thinking:

Also,

Atom’s Thomson said his company will seek 100 million pounds next year, on top of 135 million pounds it already raised.

whereas

Monzo has raised about 8 million pounds, most of it from Passion Capital, an early-stage venture-capital firm. It plans to raise an additional 20 million pounds

@Will1 & Jonathan Lind got a mention.

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