Monzo's Crowdfunding Rounds

I would argue that crowdfunding isn’t as profitable for Monzo as you think it is- referencing Tom’s post, each crowdfunding investor actually costs Monzo money in administrative fees.

Taking £10 from 100,000 people would raise £1m but would cost us £2m :frowning:

Taking a small amount from each customer would mean Monzo would lose more money than they gained. He says that he would love if the bank was entirely crowdfunded, but it’s not possible.

I’ve linked the post below.