They actually donāt take a cut as far as Iām awareā¦ the 5% success fee was only brought in after 2021ā¦ " charged a 5.0% success fee if that funded company raised on Crowdcube after 01/04/2021". All of Monzoās Crowdfunding rounds were before 2021ā¦Unless Iām missing out another fee somewhere?
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Perhaps we could continue discussion about Crowdcube handling of shares in the event of IPO in the post-liquidity event thread. Iāve now responded to the above two posts in that thread.
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Agreed - I started that thread so i shouldāve known better 
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Just finished listening to todayās episode (ep567) of No Such Thing As A Fish and the first advert was for Monzo. It was read by the hosts and I think it was a dynamically inserted so depending on where you are and when you download the episode it may not be there. Focused on pots, both being able to create an arbitrary number for budgeting and the auto-sort feature.
The numbers that reveal if Monzo Pensions is right for you
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This review is more than fair, even though the answer is āalmost definitely notā, theyāve tried to be balanced.
Theyāre not wrong with the lifestyle comment, I personally dislike lifestyling for two reasons:
- It feels very much like trying to time the market, what happens if the market underperforms and they start moving your pension to āsafeā assets just as the market start recovering?
- Bonds have had a terrible ride over the last decade if I recall, not sure how āsafeā they are.
So yes for the pension Monzo need more choice, I wish they just did the same as they did in the s&s ISA, let me decide the risk level i am happy with - a better choice might be to give the 3 funds, cautious + balanced + adventurous and then have an option to move between them if you want. Still keeps it simple.
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Yes indeed, theyāve tried to be a bit balanced but ultimately the product doesnāt really have enough features for almost anyone. Still, they could have easily gone for a clickbaity āwhy Monzo pension is terribleā type article.
Transferring to cash and bonds wonāt suit most people for the reasons youāve mentioned. Iāll also add thereās no option to choose a sustainable investment portfolio which is a really a shame and off putting to me.
They might only have 7.5 million active accounts.
11 million is just the counter for total accounts in existence, including closed.
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Sorry how does that prove @Carlo1460 wrong? You might be total customer 11 million but once closed and inactive accounts are taken into account you might be active customer 7 million.
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Yes it is.
For all you know, #11,XXX,XXX -1 could have closed their account.
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The word āactiveā is suspiciously missing there. Donāt assume, because āassā and āuāā¦
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This has been done so many times.
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No it doesnāt.
It implies nothing.
It states there are 11 million accounts.
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Next thing youāll be telling me you believe those are genuine Trustpilot reviews and ratingsā¦
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Is there an official definition of āactiveā in the banking circles or can you make it any criteria you want?
And just for completeness 
feels bad to leave out BOS from the photos.
However, I have just spotted that each site uses a different term for logging on to online banking. Seems a strange thing to not be consistent across the group
Halifax had two figures at one point. Or maybe Lloyds, canāt remember.
If your number was over 11 million in May, when only 9 million were using Monzo, it shows theyād already effectively lost 2 million customers by that point. Also, āusing Monzoā could mean anything. It could include customers with no other bank account who use it for their wages and all their bills, and also those who only use it as an occasional spending card.
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