Sounds like one of those Monopoly Community Chest cards. “Bank error in your favour, collect £200.” Great, I’ll buy a house in Mayfair.
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I didn’t see a thread for this, but seems like to the moon mobile have launched accounts a while ago.
No KYC/AML checks if you spend under £129 a month on it , to get your limit to 5k p/m there’s checks.
GBP and EUR accounts built in.
Card seems to be a similar colour to Monzo.
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So who do we think the proposed buyer is for money dashboard?
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Tell us more! (Is Money Dashboard being acquired?)
Got this from Crowdcube:
Crowdcube has been informed that Money Dashboard’s board and majority shareholders are in advanced negotiations for the sale of Money Dashboard (the “ Potential Sale ”).
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Is it profitable? I imagine it’s going fairly cheap right now.
I can’t really think of a natural suitor. Another aggregator maybe, if it’s cheap as chips. Monzo is a strategic fit but doesn’t do that sort of thing. Starling, Chase and the high street banks are all a bit too staid.
Maybe one of the credit reference apps? Credit Karma or someone? Or even a CRA…
I honestly don’t see who would buy them. I don’t see how their business model is profitable – the other apps which seem to be developed at a much faster pace had to bundle in lots of awful paywalls or adverts to make it work.
I can’t see why a CRA would want to buy them. Or anyone, really, unless they wanted to create something like Trends but didn’t want to start from scratch
Bundle in open banking services to suck in more data basically.
If I remember rightly, their model is different to the Lumios and Emmas of this world. I think they sell aggregated, personal data and make money that way.
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From Crowdcube:
If Crowdcube does not vote in favour, the board of Money Dashboard has indicated that there is a material risk that the Potential Sale may fall through. The board of Money Dashboard has further indicated that it is not confident about being able to secure another sale and has relayed that the business is not profitable. Crowdcube is unable to verify this at this stage.
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Any information on valuation etc?
What are they asking for, if anything, at this stage? Shareholder consent to sell or just flagging that it’s coming?
This doesn’t apply to the UK (as far as I’m aware) but it seems more banks are wanting to get into the buy now, pay later market
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We have loan instruments and they want us to accept 1.5 their value not 2.0 their value to make the deal go through.
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Thread 
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Full reports linked at the end of this article
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Profitability isn’t always that important for startup valuations. If they can’t raise more, that would be a bigger issue.
My bet would also go with a CRA or similar, I would think the best chance for serious monetisation would be to offer credit through it. Second bet, a bank who wants to use it as an account add-on
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This is very interesting 
I wonder how a mutual acquiring a private firm would work. Presumably no great issue if Nationwide remains a building society, but if they try and do anything more “sophisticated” (like when the Co-op acquired Britannia building society) then they might need legislation.
(Please don’t try to be sophisticated or to try to demutalise Nationwide by the backdoor).
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This is interesting, a huge mortgage book over everything else.
This would be the perfect sweep for Monzo tbf, opens a full world of banking products and brings the TSB crowd to the modern era app etc.
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I think there would be a huge culture clash (both with employees inside the organisation and customers) if TSB and Monzo merged, to be honest!
I doubt it would work very well.
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Under this model, Monzo wouldn’t acquire TSB (for the reasons you mention) but acquire the mortgage book, or current account customers (who would be migrated to Monzo). For Monzo to run branches would be… weird.
I could see Starling going for something like that in a few years, to be honest, on the basis of current trajectory. I’m still not entirely convinced I know what the current Board’s strategy is for Monzo (I don’t mean that unkindly, just that they’re not a particularly communicative bunch!)