Monzo's Crowdfunding Rounds

[anon73142796]

@evangelskies

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.

Of course the crowdfunding route is not as profitable. There are increased transaction costs and administrative burdens etc involved. But of the options available to Monzo at the time, I believe crowdfunding was the best way to go.