Fair points, It’s just my preference that Monzo should float, I think it would raise their profile and people would take them more seriously
Remember people are mostly using Monzo for coffee and spending money they are failing to pay their salaries in.
I work in the square mile and have introduced 10 work colleague to Monzo they love the app but don’t trust it enough yet to get their salaries paid in - they always ask are they on the stock market ?
Appreciate any business can go bust floated or not, but it does prove that a higher level of governance is in place (ignoring patisserie Valerie for moment as that was the auditor and a employee issue)
Ocado is not profitable yet and they are doing ok, they floated in 2010