Interesting. Is there any breakdown of cash v share compensation?
Every company Iâve seen go for IPO in recent years has become a greedy husk of its former self⊠since they seem to be doing okay on their own it might be a nice change from the norm to just see them set their own pace and goals.
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Seems to require a Premium subscription to read. I cant access it with my standard sub.
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Sounds promising, I like the idea of being able to choose which ETFs to invest in. Hopefully itâll let you group them.
Is Starling really worth more than Monzo?
Zero chance. I suspect this is lazy journalism combined with a lack of direct comparison available (both firms have raised at different times, different conditions and suggested different IPO valuations theyâre aspiring to!)
Edit: I think that aspirational ÂŁ10bn valuation is coming from one of Starlinâs Investors, largely focused on growing their Banking SaaS product called Engine: Starling investor eyes ÂŁ10bn valuation for bank as tech business takes off
Worth noting that in their 2025 Annual Report Starling theyâve confirmed theyâve onboarded two client banks onto their Engine platform, which accounted for c.1% of their total revenue last year. Theyâre a long way from supporting 40-50 clients on Engine and Iâm pretty skeptical that this will be a decent business for them over time. Feels more like a narrative that helps them put a bigger 'Total Addressable Marketâs into their shareholder presentations!
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I do think Monzoâs branding has grown on me a lot but there a few parts that I think could be improved by just brining it in line with the rest of their brand. The app sign up/log in screen is one example that just looks dull compared to everything else
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Anyone else noticed an outage? canât say I did.
None reported either:
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Slow news day for The Sun? 
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20 Before you travel overseas, open a Monzo or Starling bank account if you donât already have one. You can do it with a quick selfie video and a picture of your passport, and youâll get a card in the post within a week, which you can use for all holiday spending, free of currency conversion charges.
Bit of a blast from the past there
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How on earth did this happen?
âMonzo onboarded customers on the basis of limited, and in some cases, obviously implausible information â such as customers using well known London landmarks as an address.â
More info in the Guardian. The âwell known London landmarksâ include Buckingham Palace, 10 Downing Street, and even Monzoâs HQ:
Monzo fined ÂŁ21m after customers used No 10 and Buckingham Palace as addresses | Monzo bank | The Guardian
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I think itâs important to recognise dates. It was clear in the final days of Tom it was a hot mess operationally.
I think things have steadied under TS quite a bit, not sure that would happen now.
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If you read the article, the period goes up to June 2022, and TS Anil had been CEO for two years by then, so you canât blame Tom for all the mess.
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