I say nay to those nay-sayers!
Existing Monzo investors include the Chinese group Tencent, Passion Capital, Accel and General Catalyst.
⌠and Stephen James! Come on Sky News get the details right 
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The mafia
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This article reminds me of a book Iâve been reading
But, lol at the idea. âMaking software engineers extinctâ - Yeah ok.
Two problems here:
- With any of these LLMs youâre putting code into a database. Which can then be used by other parties to engineer your code. A little tin-hat, a little probable.
- How is this going to be a money-earner without it being âselling the data we get put in hereâ even if it is to a level anonymised.
Good luck but a hard pass from me!
And what about that plan to deliver parcels to your house and theyâll wait because youâre on the way back from the shop?
As I just said in Simonâs thread and it applies here tooâŚ
People with charisma and brains, charming money out of investors for them to waste and then âpivotâ to do something else/go bust/âexitâ. Then the cycle repeats.
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I wonder what new valuation this will be at? There is no way it can be at the same valuation, as Monzo donât need the money and this investment would be unusual, a kind of FOMOing in by a sovereign wealth fundâŚclearly having Google on board has added value so what will that be?
Unless this investor brings something incredible to the table then the valuation must be higher.
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Obviously it will be the same valuation, no one is going to pay more than someone paid three weeks ago for the same shares 
. Itâll almost certainly be issued as an extension to the round.
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That was another ex-Monzo employee, Kieran, who did most of the Open Banking back-end while at Monzo. Iâve been following Daybridge with interest, but it has tailed off recently.
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Kieran McHugh. Still the odd intermittent post on daybridge@twitter and daybridge.com - 4 year project so farâŚ
Another source for the same news:
The view that software development is a skill losing value is nothing new.
Oh great, best get learning how to do something else!
Daybridge still being worked onâŚ
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I had high hopes for that app. But âmonzo styleâ it got partly done and then the next shiny thing came along.
Thatâs not always the case now with Monzo, but that app talks to the mindset it had in the early years.
Iâm old enough to remember âThe Last Oneâ, from 1981. The last computer program youâd ever need to buy. Since then Iâve had a complete career in IT and am starting to wind down to retirement and programmers / developers / software engineers arenât extinct yet. The pace of change is certainly increasing but I doubt that these jobs are going to disappear.
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Felt a bit weird posting that. Itâs a while since I searched for a previous topic.
And another related non-searcher:
A couple of things struck me about this article:
Ashley Hart, director of fraud, fincrime and disputes operations at Monzo said: âImpersonation scams cost UK customers ÂŁ170 million a year which is why weâve partnered with Stop Scams UK and joined 159, enabling our customers to call us quickly if theyâre worried theyâre talking to a fraudster.â
Firstly, shouldnât Ashley be a director of fraud prevention etcâŚ
Secondly, is dialling 159 a way to finally get to speak to someone at Monzo?
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I really dislike percentages for such small amounts. Over 99% but how many different accounts are there when it seems like most banks are signed up?
99% usually covers any that arenât and any new ones that might not initially be. Similar to âkills 99% of germsâ. Itâs just to cover their ass if thereâs one thatâs not.
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Very curious about this.
Was talking about it at work yesterday as someone was waiting over a week for old account statements, I did say youâll need to extend the deadline for another two weeks easy because monzo support is slow af.
