A little over a week ago (May 13th), the US team at Monzo hosted our first virtual community meetup. Our team shared some of the things we’ve been working on - and also allowed us to hear feedback and take questions from our community and current users.
I want to give a big thank you to everyone who attended We were really blown away by the turnout and were glad to get the chance to talk to each of you!
Before the COVID-19 pandemic, we would often invite members of our community to our offices in London to share what we were working on, as well as just to hangout. In the US, we managed to host a few events at the end of 2019 - but those were quickly put on pause when the world went on lockdown.
We’ve recently been doing some exciting work which we wanted to share - and we figured now would be a good time to try a new format for a community meetup. For anyone who wasn’t able to attend, here’s a recap of what we discussed:
Updated Roadmap for 2021
In early 2020 we shared a US roadmap with the hopes of giving users the ability to see what we were planning to build next, track each feature’s progress, and vote if they felt something should be moved up the list. We had no idea of what was in store for the world just a few months later. As we’ve had to adapt to those changes, we didn’t make as much progress on that original roadmap as we hoped to.
We’re nearly halfway through 2021 now though, and we’ve had a lot of exciting developments in our team - so we spent the past few weeks taking apart our old roadmap and seeing where we needed to update it. We’ve talked to Monzo users and non-users alike to hear what users in the US were looking for. After all that, we’re now excited to share our product roadmap for 2021 (and beyond).
We’ve also just published a blog post launching our 2021 roadmap which you can find here.
Linked Accounts in Monzo
After discussing our roadmap, we took a moment to look at one of the upcoming features in particular - the ability to connect all your other bank accounts and move money back and forth straight from the Monzo app. Specifically, this is the ability to move money back and forth using “ACH” (Automated Clearing House) - the standard form of transfer in the US.
While the Monzo account already supports some ACH payments, we’ve been putting a lot of work in designing a system that makes things easier to set up and manage.
Our vision isn’t just to stop there though - we plan to build upon your accounts being connected and turn the Monzo app into a “hub” for all your accounts.
In the UK, we already have features around this (which you can see in the screenshots below). Any account you add to Monzo gets a spot in your account right alongside your Monzo card. That allows you to quickly scroll over and see transactions on that account and check its balance - even including credit cards
While there is a lot of work left for us to reach this point - we see a future where you can add all your accounts to Monzo to track your budget, send money back and forth, and set money aside to make sure you can pay your bills each month. Building ACH transfers is just the start of our long-term vision.
Quick reminder that we’re currently hiring for a number of engineering roles, as well as a couple non-technical roles - each of which will play key roles in reaching the goals set on the roadmap. It’s an exciting time to join the team as we have some key milestones coming up - and we would love to have anyone from our community apply
We had too many questions to list them all here, but if you’re interested watch this space – we should be putting a full recording up in the next few days.
If you have other questions we’re always open to chat, so feel free to reach out over Twitter, email, or the chat in your Monzo app!
Thanks again to everyone who showed up to the event and made it a success! We are already thinking about how we can host something again soon, so keep a look out for future announcements.