I’m more interested in who the new investors are, and what there other exposure to Fintech is, and have the likes of Stripe come back in for more
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If there’s £100 million for existing investors then that does leave room for more crowdfunding
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Just a thought, shouldn’t all this commentary about valuations be in a different thread?
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sadly I think they’ve given up on that 
Just wait for the IPO then you can buy as many shares as you like!
Can’t see it happening either
The last crowdfunding was fun though 
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@AlanDoe any chance of moving this funding chat to a dedicated topic? I think there is one…
Edit: thank you 
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I’m not sure people should be ignored for pointing out the obvious - on a value per customer basis, it’s lower than you might expect relative to how much progress Monzo have made.
But that being said, Monzo needs the money, and it also has the FCA case hanging over it - those two things wouldn’t have helped the negotiations.
I think Monzo also have a potential growth profile that looks worse than peers.
In my opinion, the mostly likely long term outcome for Monzo is to be the leading digital bank in the UK but with no international presence. I suspect the valuation reflects that outcome.
Monzo can still build an awesome, profitable business in the UK alone, its just that a £10bn+ exit seems increasingly unlikely.
I think the not going full bank in the US will turn out to be a sensible decision, I agree with Sarah Kocianski on this
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It isn’t clear from this article or the others I’ve seen whether the valuation is pre or post the £300m. On that basis, in terms of what your shares are likely to be worth at the end of this round, somewhere around 2.5x would be a reasonable estimation. Multiply your current number of shares by £18.9 if it’s post or by £21 if it’s pre for a rough and ready number valuation on the information currently available. You’d do well to get that from anybody currently due to the illiquid nature of these shares but that’s the long and short of it.
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And, given some people in here are worth a lot on paper, this would be subject to capital gains as no EIS relief… still, time to do some tax planning if that applies to you.
I’ve a spreadsheet with all my investments on. I assume none of it is real and it can all go away in the blink of an eye. My mate founded a billion dollar company and walked away with almost nothing so best not to get hopes up.
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Definitely not asking for tax advice, but are there options? In my naïve mind there’s no option but to pay capital gains when exit happens? Unless you receive listed shares which you could sell off yearly to keep under the capital gains limit?
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You have a certain capital gains limit each year so could sell over multiple years for starters. This from HMRC website:
Capital Gains Tax allowances
You only have to pay Capital Gains Tax on your overall gains above your tax-free allowance (called the Annual Exempt Amount).
The Capital Gains tax-free allowance is:
£12,300
Personally, I’ll be putting it all in the Cayman Islands in an invisible Trust…
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I suppose hidden in my post was a more explicit question: what happens when Monzo exits? If they list, would they convert private shares to listed shares? Or would crowdfunders just receive a (hopefully metaphorical) cheque cashing them out? If the latter, then you can’t really drip your gains over years, can you?
And if it’s an acquisition, then I expect it would just be money, no?
Anyway, nice problem for those who’ve heavily invested! (Assuming it doesn’t all go horribly wrong in the meantime).
True, depends on the exit. On the basis of an IPO, as you wouldn’t have realised the gains I imagine you would just keep running with shares that are now liquid. Different in the case of an acquisition where you’d just have money deposited in your Crowdcube account presumably… it will be a nice problem to have.
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Then again if people actually need to come and ask what the new share price is, probably they don’t know this much about how shares work anyway, or they’d just do the math themselves
I was going to come and ask what the new share price would be… 
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Wait, I work at Monzo. What am I doing asking people on the forum when I can just go look in Slack 
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Yeah, I don’t disagree with you on that at all. I just think that Monzo won’t ultimately have any kind of meaningful commercial success in the US - with or without a banking licence.
Obviously as an investor I hope I’m wrong!
I don’t think we know yet because we don’t know how many shares are being issued this round.
When we do know all you will need to do is take the valuation and divide it by the (new) total number of shares.
Of course if you do find on slack feel free to share 
Screenshot the slack chat