Monzo had a schedule to raise a certain amount each year until 2020. Average raise needed was a round £16-20m - however Monzo raised £71m in November last year which I think made the schedule redundant as due to the explosive growth they were able to raise all the money needed early and in one go.
Monzo are also hoping to break even this year I believe.
However, with growth being more than exptected that means staff levels are higher and therefore costs are higher so is it nearly time for Monzo to raise again via crowd funding or float ?
I am guessing an announcement of some sorts would come Oct / Nov.