A post was merged into an existing topic: Lloyds Banking Group chat
You’re lost, Carlo!
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Wrong department Carlo! Made the same mistake as Lloyds
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Not sure why it posted here 
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I award you the Wooden Spoon of Pot Stirring…
Quote from CEO T S Anil in the cross referred item dated 11th October
“It’s great to be able to provide employees with some liquidity, while meeting further investor demand for Monzo equity,” says CEO TS Anil in a statement. “It’s because of our employees’ commitment to our mission that we’ve grown to more than 10m customers, continue to launch game-changing products and consistently top the industry leaderboard for customer satisfaction for our personal and business accounts.”
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I disagree. It completely disincentivises investment, innovation and risk taking. Fewer companies getting funding = fewer companies, fewer jobs, etc.
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But almost all funding is from VCs who are completely unaffected.
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Some big assumptions here. Not all investment is by VC’s, don’t forget the crazy proportion of UK companies which is made up by small businesses. And VC’s will be affected, there’s been a lot of news coverage about it - they are subject to capital gains.
It’s a personal tax, doesn’t apply to limited partnerships or companies.
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Not sure the right place to put this thought/speculation
Once they’ve received their EU banking license - I feel like Monzo should just acquire N26 and migrate the customer base on to Monzo tech stack. It feels very much like N26 are completely flatlining and are a sitting duck. It would be a rapid way of getting a substantial foothold in many EU countries.
Really? Their offering was bare bones?!
Monzo are never going to buy N26. They don’t need to buy users as they will pick them up by being better than N26.
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Can you be more specific? Who do you bank with currently then?
I always found Monzo pretty straightforward and thought they brought in extra functionality in a good way. For example if you compare to Revolut (also with lots of functionality) I think Monzo has achieved it better.
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They’ve got a wide customer based, I think 8-10 million but far lower revenue per customer than monzo and other peers. Still loss making and withdrawing from several markets following failed expansions. They’ve had restrictions put on them by BaFin which has damaged their reputation, financials and stopped them from onboarding more customers. These have now been lifted. I’m no expert but I don’t see them having sufficient momentum to succeed long term. I no longer feel like they’re spoken about in the same category as Monzo and Revolut etc.
I also hated their offering for UK when they launched here, but that’s personal opinion. You clearly preferred it from your reply. Personal choice is important of course.
This is a good point and I also thought this as I wrote it. I can’t find the article but there was an interview where TS Anil said that they’re open to acquiring businesses and I’ve always thought what kind of business they might acquire. They’ve got a large war chest and I’m sure if they wanted to, they could make some big acquisitions.
They raised hundreds of millions as they announced they’re profitable 
what’s it for? Some surely for geographic expansion of course
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I find everything in Revolut quicker than I would Monzo.
Almost all banks have less cluttered apps. Monzo sadly went down a path of clutter and upselling and change that I don’t think they can recover from.
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I really don’t see the issue. The app is colourful, informative and everything is where I expect it to be 
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Same. I don’t mind the app now because I use most of what’s on there. But I really miss opening it and just seeing a nice, neat list of transactions as the main screen
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