Just thought I’d throw the question out there to everyone on a boring Saturday
I read that the average number of contacts on Monzo is over 10 and I’ve also heard of people with over 100 contacts on Monzo. If that’s true then surely this is a social network to those people, as well as a money management tool?
With Snapchat’s perceived prospects recently diving off a cliff and Facebook’s ongoing trust issues, will Monzo muscle in on that market under the guise of a finance app?
Personally I only have 5 friends on Monzo but I’d love it to replace all the social media apps and websites I’ve ever signed up for and rarely ever go on.
If you don’t think they are a social media company in disguise, what would it take for them to compete on that front? Is it as simple as allowing more pictures on your profile and some status updates? Or would it be very difficult or foolish for them to try to be a social app?