I would distinguish between starting and ongoing limits.
The starting ones can be a bit low. I had a £2k overdraft with Monzo that I never used and closed. Then I got tempted to reopen due to the rate being lower, but only have a £1k limit now.
But my Flex has been £6k for ages and I’ve also been offered loans up to £25k for ages.
I wonder if Monzo have a strong enough balance sheet to support mortgage lending especially given their plans for international expansion.
If I recall correctly, insufficient capital was also the main reason they couldn’t take participate in the government covid loan schemes.
I mean these amounts are still relatively low for someone on a decent salary with a decent income, but then I have no idea about your personal circumstances. And Monzo has never offered me anything like that!
I do think it’s fair to say they are very conservative with lending amounts, based on my experience and the experience of a lot of other people.
A £25k maximum unsecured loan limit isn’t bad. One of my other providers offers me up to £35k but I wouldn’t expect sky high unsecure loans.
£6k is a bit low compared to some others for credit cards, but I think they’re trying to avoid people being in persistent debt. £6k is still high enough for most short term borrowing, although it would be nice if it could increase.
I completely put in their first name then and I was like huh, how’d they manage to bag the ex Governor of the Bank of England.
Not just me then 
I agree with the above though all these posts probably belong in another thread.
Interestingly, HSBC HK include a “lite mode” built into their app which customers can choose to use.
Not Monzo, but I have just seen “frauded” used in the wild. (Guardian article about the US election.)
Edit: correction - “frauding”.
Has this recently changed? I always thought it was 2k, but i just checked again and, sure enough, was offered 3k.
Oh cool, I must just be rich now 
14 posts were merged into an existing topic: Post-Liquidity Event - IPO, Secondaries, buyouts… etc
I don’t have an FT sub and can’t read the article but good on them, I say. Financial success should be applauded, not envied.
Well done to the millionaire Monzonauts! 
Thanks, Aydan.
15 of the thousands of employees they have.
They’ve been there a long time. Enjoy!
Monzo are not offering any payouts.
Staff are being given the opportunity to sell some of their shares to a new investor. The staff already own those shares, and those 15 were millionaires in terms of assets before this opportunity to sell arose. The only change is that some of their shares will now be sold for cash.
Monzo are not paying out anything to anyone.
I really don’t see the issue personally. That’s not to say that you don’t have a point, I just don’t see it.
I just considered that to be typical PR fluff. Their hard work has nothing to do with it.
They hold shares, the new investor wishes to buy shares. It’s likely existing staff hold enough to meet the demand. I’m sure if more shares were needed than available from current staff, that it would be opened to former staff and perhaps even Crowdfunding Investors.
I think perhaps the PR spiel and their choice of wording has not done them any favours here.
Do we know how many shares this new investor is buying vs how many staff are expected to sell?
Not sure if this has been revealed?
Only 15 of them though, and that has come from the media, so take it with a pinch of salt.
I suspect those unhappy right now will actually be quite happy in the future that they were excluded from this. I’m not a fan of Monzo by any means (their only redeeming feature is this community), but they do seem to be going in the right direction, and I can only see the value going up.