Number of Monzo Users


(Bruce) #140

I’d love to know the metrics on how much of the investment this is burning through. £X per each registration.

I guess though that once registered there is a very small increment in system usage and therefore almost zero increase in compute costs.

Assume customer support grows a head each Y thousand as well.

I forget did the business case show how cost grows with number of users VS revenue


(Alex Sherwood) #141

Tom’s said it’s £40 per user, per year until the current accounts launch, then £20 once they do & then break even once the overdrafts launch.

I don’t remember seeing this anywhere unfortunately.


Monzo losing money, maybe customers too
(Bruce) #142

Thanks !!!

I guess there is a benefit on moving en masses to current accounts then…

I’d love to be a fly on the wall during the finance planning…


(Alex Sherwood) #143

Last call - Monzo should hit 200k users either today or tomorrow so if any new users could share their user number here, that would be great :pray:


(Tom Warren) #144

My fiancee ordered her card on Wednesday evening, so when she gets it today/tomorrow I will let you know what number she is :grin:


(Alex Sherwood) #145

Wow, we obviously have some good salespeople / marketers in the community! :clap:

Sounds like this will be reaaally interesting -


(Bruce) #146

To confirm this feature isn’t ready yet right ? Haha keen to check it out


(Alex Sherwood) #147

No it’s not :slight_smile:


#148

Kind of pointless feature with the Golden ticket thread isn’t it? If you’ve put multiple tickets in there you’ll just see a list of people you don’t know?
Shame we can’t track number of people who’ve used your physical golden cards.


(Alex Sherwood) #149

Yeah I’m not interested in seeing those user’s figures. But it’ll be cool to see how people who have ‘sold’ Monzo to others have got on.

Not many users have access to those.


#150

Will this include referred as well as Golden Ticket?

I guess. I’ve given out over 10 now I think.


(Bruce) #152

Haha by chance so you run a chocolate factory ? :slight_smile:


(Alex Sherwood) #153

I’m not sure, that’s one for Zancler I’m afraid.


(Tom Warren) #154

Drum roll please :drum:@alexs

My fiancées Monzo number is!… 201,856

Card activation was today :grimacing::hugs::slightly_smiling_face:


New Card Delivery Time
(Alex Sherwood) #155

Today’s blog post also revealed that Monzo users have now spent a quarter of a billion pounds on their cards :tada:

& included a nice GIF :slight_smile:


(Bob) #156

My friend signed up Tuesday and got her card yesterday… user #206174


(Marta) #157

Friend activated yesterday (after 6pm) and was user 206993. :slight_smile:


(Daniel Rivers - Proud Current Account Holder) #158

Are the user number the cards sent or the total signups?


(Bob) #159

I believe they’re allocated on card activation.


(Alex Sherwood) #160

Yes they are, in other words, when the user links their first Monzo card to the app -