What bank did i name Nick? I canāt see one mentioned.
Whilst youāve mentioned them, I think those banks look at the numbers with some concern.
Please donāt try and second guess my posts. Itās really not a good look. 
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Anyone seen this article from Boomberg? (canāt see it having been linked previously)
Pretty scathing review of what Monzo has done/ is doing and seems to just mention Lloyds as to why is has a long way to go and the various number of fin-tech challengers in the US.
Does mention the shortfalls in Monzoās current revenue streams (doesnāt really lend (only personal) and the fact overdrafts are the biggest ālendingā driver).
But canāt help but think some of these articles donāt really āgetā what Monzoās attempting to do/ be. 
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Nobody āgotā smartphones until they were everywhere. In fact I think Iām still a little in denial while typing on my fifth one! 
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Personally I think its scathing because its Bloomberg and they have a vested interest in turning public opinion away from Fintechs and back to traditional legacy banks
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Yeah you could be right - I just always find it a weird argument when the new smaller challengers are compared to the older incumbents - its a bit of an easy argument to pull out.
Yeah a much better argument would be to compare like for like. I also find it odd comparison especially when they started talking about the Cheesy names. I was like how is this relevant in a Bloomberg newspaper opinion peace 
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Its actually wild the sorts of things that get put in newspapers now - itās all just there to rile people up (suppose it has worked) - but it isnāt really informative anymore.
Odd. The whole thrust of the authorās argument seems to be Monzo wonāt be successful in the UK because it isnāt Lloyds. And Monzo wonāt be successful in the US because it isnāt Simple which isnāt JP Morgan Chase.
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Yup - such a bizarre argument. Can Santander not do well in the UK because it isnāt Lloyds? All hail Lloyds 
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Financial Times: Monzo boss upbeat on progress despite mounting losses
Not sure if posted already?
Interesting points for me:
Per-user contribution margin now Ā£5 up from Ā£2
Theyāve launched a Ā£20m marketing campaign
I dont pay a single payment of Ā£1000 in but use my card nearly daily
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Yeah, my salary is less than Ā£1000 but monzo is my only account
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It will always be difficult to pick an arbitrary threshold, but I do think Ā£1000 is probably too high a threshold to capture all engaged customers.
Personally, Iād like to know the following stats
- Percentage of customers who pay in more than Ā£500 per month
- Percentage of customers who transact at least 5 times a week.
Good looking card,ā¦
The new cafe where you canāt pay with cash https://t.co/0z92jAneqG
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Iād agree with this.
Having āsalariedā users as anyone who pays in Ā£1,000 per month isnāt a terrible benchmark, but I think it inflates the numbers a little.
Then again, it depends why the use of āsalariedā accounts is important? Does it sound like these are the people who trust Monzo implicitly? If not, why not just say ānumber of people who deposit Ā£1,000?ā - This is not only factual, but doesnāt pretend to be something itās not.
On this point, considering Monzo has all my DDās and 2 salaries (joint), weād probably fall foul of this statistic due to our spend going through the Amex.
I guess it shows that no threshold will ever cover every situation.
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Inflates it how?
A lot of part time workers that get actual salaries paid into Monzo wonāt be included in that
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" Having āsalariedā users as anyone who pays in Ā£1,000 per month isnāt a terrible benchmark, but I think it inflates the numbers a little. "
Its a meaningless benchmark.
Iād say it deflates the numbers a lot , I dont have a salary paid in, yet all my day to day spending goes through Monzo, I have a couple of thousand in a pot which I then transfer to my account to spend as and when needed , my spending earns them money on interchange, my pot earns them interest , yet Im presumably not counted in the numbers
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Bear in mind this is just my opinion of course, but I personally think there will be more people who will be ātopping upā the account and using it as a pre paid account almost, rather than actually having a salary paid in of less than Ā£1,000.
Iām sure youāve told me before, but why donāt you use Monzo for your salary again?
The one thing Iām not sure on is if the Ā£1,000 mark is one lump sum from another account, or if it could be Ā£1,000 deposited over the month.
lol, Im retired , us poor pensioners dont get salaries anymore
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Another interesting usage/engagement stat would be the % of customers who use their card for foreign currency transactions more than they use it for GBP transactions.
(unlikely weāll ever get that though)
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