What’s the use of investing in Monzo when the whole banking sector is performing quite badly? Wouldn’t it be better to invest in Apple, Tesla or Amazon which has market monopoly and already generating good cashflow?
I personally don’t see Monzo making any good money in the next 5-6 years. Also, after buying the shares it won’t be easy to sell because there’s no liquidity and it’s not listed in stock exchange.
I do agree the product is great. Unless the company has a good strategy to bring in cash regularly, I’m not in. Please let me know if I’m missing anything.