We’re not even our of furlough and unemployment figures are through the roof. I don’t think that this is in any way in dispute.
Your comment about everyone is cutting staff is a broad brush and isn’t entirely accurate. Some companies have actually thrived in the current environment.
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But that is not what you said. I can see you twist and distort your posts to suit you agenda so I will bow out replying to you in this thread 
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I’ve only said one, very simple (but unpalatable) thing from the start: times are tough, service will be worse, suck it up.
No, you don’t say that. I don’t think anyone is under any illusions that it’s tough or that people are losing their jobs.
You said everyone is cutting and that’s simply not true or accurate.
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I f Monzo were to sell, which companies would you/ investors prefer acquired it?
How do you see Monzo’s exit plan?We have no plans to sell; the goal is to bring an exceptional banking experience at a global scale. And it’s too early for us to have an exit plan – we’re just getting started
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Another interesting article from that site that feeds into this conversation I think:
There’s both good and bad for Monzo in here. Revenue growth is pretty strong and the losses are only slightly worse than Revolut…It just needs to get its burn rate under control.
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Where do you think Monzo should magically get the money to pay all those extra support staff?
I thought it was an interesting look at all three, plus the interviews with Monzo senior staff mentioned in another thread.
I was intrigued by the point at the end, are these really banks at all?
It’s very easy to make a business people love if you don’t want to make any money.
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Probably the biggest worry this article raises for Monzo is that they think it will need to fundraise again soon.
Still, I think the final comment on the valuations is slightly disingenuous. No one is expecting these businesses to make $1000 per customer! Clearly the valuations are based on the potential for large growth in customer numbers alongside a reasonable growth in profitability per customer.
It’s the ‘full Monzo’ thing again. People paying their salary in are ‘more profitable’ than those who don’t. Unfortunately, there doesn’t seem to be a bank out there, challenger or otherwise that offers the best of everything. Whilst we can pick and choose, we should.
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I think its far more likely and desirable that Monzo starts licensing its techology a la Ocado becoming a techfin rather than fintech!
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On fundraising, they’ve obviously looked at it and spoken to people, and there is still an appetite to invest.
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The suggestions for selling to big tech are depressing. Does big tech have to own everything?!
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I’ve been with Monzo for ages and love it (mostly - don’t get me started on joint account parity) but do wish they had a lot more investment from either an IPO or trade sale so they can accelerate adding features that customers want that make them more profitable. Good for everyone I should have thought but then I guess I’m looking at this from the viewpoint of an 60 something early retired person 
Sure maybe it would be better than a big bank, but these guys already control so much of our lives adding another thing to the list is something I don’t think encourages competition.
Ideally, as you said, they stay independent and like Starling and other competitors continue to disrupt the market.
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Good for a lot of people, but not necessarily the founders of the business, who’d then be accountable to markets and shareholders, and have less freedom to carry out their vision. Also, less good for existing investors at current valuation. Far better the the latter for them first to get closer to being profitable - in my opinion.
Yes.