I’m a Mondo investor and also long-time user of similar app, Revolut. Like Mondo, Revolut aim to become an “alternative to bank accounts”. However they’ve started by focusing on the “cheap travel money” niche.
Today they announced they are crowdfunding £1MM of their recent £8MM round. Like Mondo they’re also using Crowdcube — who will hopefully have more server capacity available this time. Unlike the Mondo round, where investors were chosen on a first-come-first-serve basis, it looks like they’re trying to milk this a bit more for marketing purposes by choosing investors based on in-app contacts (see screenshot in linked tweet — sadly I have a long way to go )