Crowdfunding (Upcoming 2018/19 Round) - Updates


(Simon B) #4

Cat’s out of the bag then :wink:

I’ve updated the title to Crowdfunding (Upcoming 2018 Round) - Updates so that it’s clear this is the thread to discuss this moving forward!


Share Value
#5

Is there a minimum investment? I would really love to join this but I would feel a little embarrassed if everyone is donating £100’s or even £1000’s and here I come with a miserable £100.


#6

Nearly half of the investors in round 2 earlier this year invested £100 or less (minimum was £10) - so you shouldn’t feel insignificant.

Towards the end of this article Tom talks about what he hopes to one day do for investors who invest £100 in monzo.


#7

What a great article. Thanks for putting my mind at rest. I don’t feel so bad now :slight_smile:


#8

A couple of things.

  1. I dislike the statement Monzo offer a prepaid card … no they don’t, this is now gone and it has no place in any new releases. It’s all current account from now on.
  2. Monzo have suffered a number of system failures … my understanding is these failures were not Monzo system failures but 3rd party financial systems that Monzo have no control over.

#9

Just in the name of transparency, There was a major outage at the end of last month which lasted less than couple of hours Monzo’s own system. Monzo have their own processer for current accounts, they were relaient on 3rd party for prepaid cards


#10

Fair point. But I think it now needs to be made clear that Monzo Bank is not the same animal as Monzo prepaid/just starting out/getting things ready pseudo-Bank.


#11

I agree with this they could also make clear that Monzo does not offer any new perpaid cards…


#12

Monzo has a Share Option Calculator

Use this calculator to work out how much your options are currently worth, and how much they could be worth in the future.
https://options.monzo.com/

Sorry as @anon44204028 said it’s for Monzo Staff.


#13

The option calculator is only relevant to staff not investors


(Dean) #14

For clarity, do we have any potential idea as to the timing of the next investment round❓ And, whether it will be based on the same format as to previous rounds i.e. pot luck:question: @simonb


(Simon B) #16

Still lots of work to be done. Our next major milestone is shutting down prepaid which is looking to be towards the end of Q1.

Crowdfunding will be after that, hopefully sooner rather than later but to pull off the kind of round that we want to do, is a huge amount of work.

And on that note, if any of you folks know someone qualified to lead this…


Next opportunity to crowdfund?
Next opportunity to crowdfund?
(Simon B) #17

Regarding pot luck, it would be absolutely fantastic if there weren’t a cap on this and everyone who wants to invest is able to do so. Ideally we could do that so there wouldn’t need to be a system. But this is all stuff that needs to be figured out :slightly_smiling_face:


(abdulmajeed alanazi) #18

I can not wait, I want to be part of the smartest bank in the world


(Alan ) #19

Has there been consideration to have an ICO as a crowdfunding event? There are companys with established banking backgrounds gone down this route. There is also 1 company that I know of Neufund who can help facilitate the event. They are going tbrough such an event at present.


(Fateha) #20

Can not wait to finally invest, missed out last time … :sob:


(Tushar) #21

Hey Simon,

I asssume the next round will be on Crowdcube just like your previous rounds. I am Monzo and Crowcube user but did not get an pre-registration mail to record my interest for the previous round. How do I ensure I pre-register for the upcoming 2018 round?


(Simon B) #22

Hey Tushar.

I’m afraid we can’t comment on any specific details of the future crowdfunding round as details are still being worked out. When there’s new info we will post it here :slightly_smiling_face:


#23

Interesting that it’s still open after the rejections have gone out! How does the process work?


#24

You can definitely be proud of building a company that people are queuing up to invest in before they’ve seen the share price. Well done Monzo!