Don’t you guys remember that time when Crowdcube changed the Investor Nominee Terms in their favour with no legal consultation for the investors as a block? And that those terms allow them to charge fees to “recoup costs” as confirmed by one of their line-level customer support people here? (notably no C-suite exec, and none of their legal council, put anything in writing, all we got was relayed “trust me it’ll all be fine” via said support rep. Pfffffft.), despite being paid a % of the deal in the first place? Nice double-dipping, there.
If 5% (!) is what they are expecting to get out of all new client investments, then I see no reason why they would not use the giant open door they wrote into the updated terms to do precisely the same in the case of any Monzo acquisition. Many people said exactly this in the thread, but, well, here we are.