Monzo in the Media

should be no loss” hardly inspires confidence.

Scrap the pensions, start over. It’s for the best, Monzo.

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Such a huge mess as if that money has already been invested then it’s a storm waiting to happen.

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Is it like a manual process? I have no clue. Someone may have popped in the wrong Monzo account details?

Not sure how it all works. My pension amount / contribution is shite and due to this I don’t look at it :laughing:

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I would hope it’s not manual. People make mistakes, computes make less if any.

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Kian from West Life??

https://www.instagram.com/p/DFCxNFTuu4f/

Anyone feeling lucky :grinning:

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Fintech Monzo looks to US as board debates where to float.

https://on.ft.com/4jrXQpJ

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2026 go year? :rocket:

Surprising the Board favours the UK. Would have thought it would be more clear cut in favour of US listing given the ambitions.

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I was too. Then I looked into them and now I’m not surprised (they’re very U.K. tilted). The CEO is right though. Their investors are going to want and favour a US IPO too.

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I wonder if at IPO crowdcube investors will:

  • Be forced to sell all shares
  • Transfer to the new Monzo shares
  • Get the choice to cash in some and keep the rest as shares?
  • Get royally shafted by Monzo despite which above option is offered

:thinking:

What’s offered is up to crowdcube, not Monzo, crowdcube own the shares.

Do we trust crowdcube? Not really :sweat_smile:

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Similar article in The Times

Interesting comment that there has been an increase in arrears, guess that will need to be seen in wider context with growth of the loan book.

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Given Crowdcube take a cut from our profits, I can imagine they might sell our shares before an IPO as it might be better for them from an admin and cost angle.

I don’t know how it works if it goes to IPO and we still hold the shares, does Crowdcube have some sort of broker licence that they can hold the shares post IPO or will they take out their cut when transferring to a trading account with broker?

It would be good to hear from someone at Crowdcube on what they do when a company is to IPO? Surely they must have the same protocol regarding of how big or small the IPO is expected to be?

Where are people getting the impression that you may be forced to sell shares in event of an IPO? I’ve never had that impression. My understanding is your shares would just get moved to a GIA for publically traded shares, either with Crowdcube or elsewhere

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Crowdcube terms allow them to do this, so they could sell them all and provide cash.

Just saw a Monzo advert with a guy and a woman on a date and he was wearing a flat cap/beret and they people had AI generated mouths and voices.

I thought it was terrible but maybe I’m old and don’t get the joke?

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Not sure I want a cash out -

  • Capital gains tax could be an issue for some people if all shares are sold in one go
  • If Monzo succeed in the US then we could see a massive increase in its value, and I don’t want to miss out on that potential growth (of course shares could go the other way too)
  • It would be nice to be an actual shareholder of Monzo rather than a number in a nominee account (assuming this was possible)

I hope they explore the option of allowing people to have shares and partially cash out, get back what we invested plus some profit and then have shares to ride the Monzo wave

Surely these ‘leaks’ are just testing the governments to see what they’ll give for them to ipo there.

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Depends how good Crowdcube are at running as GIA, will they be able to execute a trade as quick as more established brokers / share trading platforms?