Did Monzo ever consider tax relief on their crowd funding?

Monzo Chat Crowdfunding & Investors
1

https://www.crowdcube.com/pg/eis-tax-relief-for-investors-44

Just wondered if Monzo ever considered the above link on any of their crowd funding rounds

2

I have a feeling you canā€™t claim EIS for banks? Iā€™ll have a look.

4 Likes
3

They canā€™t, it doesnā€™t apply to banks.

1 Like
4

Ah that makes sense! I wonder why only banks. Just because Freetrade offered in on their crowd funding and is a financial service as well (Obviously not a bank)

5

Is that definitely true? A friend told me heā€™d got SEIS while investing in Coconut, which is also a bank.

6

Coconut is a prepaid current account and it doesnā€™t have a banking licence :slight_smile:

ā€œCoconut is a business current account, not a bankā€ from the bottom of https://getcoconut.com

1 Like
7

@16bitkieran, thank you for clarifying. Much appreciated.

1 Like