You work for ClearBank?
I didn’t say they don’t count them or note them somewhere, but to shout about it 
when probs less than 25% you could actually call a customer (non dormant - removing literal context).
Not really no, I responded to someone’s question with a view.
Oh, they do. Each bank has it own way of measuring the number of customers they have and how many are “active”.
I remember seeing an FCA report several years ago (maybe around 2016) with data on current account usage patterns at high street banks. It included a metric for percentage of account holders who exceeded a specific usage threshold, with same threshold used across banks. I think the report was related to justification for open banking. It’s a shame its not done every one or two years, and now expanded to include Monzo and Starling.
Challenger Monzo to cement £4bn valuation in new funding round (cityam.com)
edit: don’t know how to do the article preview thingy
Just copy the link as a line by itself.
I honestly don’t buy the current valuation compared to 2021,an increase of only £400 million in 3 years,with approximately 5 million more customers and a healthy increase in business accounts.
Monzo was founded in 2015 and has become one of Britain’s biggest digital banks, alongside Starling and Revolut.
In 2021, the Abu Dhabi Growth Fund led a $600m funding round that valued the bank at $4.5bn (£3.6bn).
However, many challenger banks have seen their valuations cut following their boom in the pandemic, with Starling seeing its valuation slashed from £2.5bn to £1.5bn at the end of 2022.
I agree… I would hope that it would be closer to the 6bn mark given all of their customer and product growth. I think its a symptom of the times though and to achieve a 10% uplift in valuation when other Fintechs have cratered is definitely a vote of confidence in the company
Sounds like this will be a flat-ish round. Maybe at a ~£15 share price?
Not every round needs to be a growth round does it?
Never going to happen
Well, whether you ‘buy’ it or not, clearly that’s what it’s worth if the news is true. As ultimately the shares are worth what people will pay for them. It’s really led by the market, which at the minute isn’t great.
2 million customers in Less than 3 months??
Yes it was the previous valuation that was over inflated. I still reckon the IPO in 2025 will have a £10 billion valuation
This is a good point, look at Freetrade they did a revised valuation at the last fundraise and it was horrific - making me believe they greatly overstated their previous valuations.
So yes this latest Monzo valuation might actually be a more accurate representation.
The bigger question I have, is this an opportunity for me to get some money out of my Monzo investment or do I have to continue with the pretend ‘on-paper’ returns?
the worst thing would be a over valued IPO, as the public markets will whack it back to a reasonable level, and the headline is the IPO was a flop
Not strictly true - There is a route to organise private sales with permission from Monzo board… but its a bit of a pig to organise apparently
But it’s for exceptional circumstances only, I believe.
Indeed, but all of them are inflated to some extent. It’s last annual report showed an operating income of £214m (and a net loss), that’s not a size of business that is classicly worth £4bn! It’s all a matter of how much hyper-optimistic future growth investors are willing to bet on and also (in the current market particularly) can afford to bet on.
10 million customers = £10 billion see easy 
That’s better