Here’s our official roundup of the evening!
Forum (and Open Office) regular @icedcoffee captured a great photo of the action:
You can see the rest of the Twitter activity from the night here!
The wonderful @joey100 and Caroline gave a talk about how the Finance team makes money work for Monzo. They covered the slightly unusual structure of the Monzo Finance team, discussed their team’s and Monzo’s quarterly goals, explained what we call Customer Unit Economics and why it’s important, and how that feeds into the question of profitability.
The full stream:
3:40 – an introduction to the Finance team at Monzo, and what makes it a little bit different
4:43 – what the Finance team does for Monzo, and the Finance team’s Q4 goals
7:07 – Julie explains a key term: Customer Unit Economics
11:07 – why we talk about Customer Unit Economics, and why it’s important
12:01 – Caroline talks through the company’s Q4 goals
13:47 – what overall company profitability is, why it’s important, and Monzo’s plans for getting there
17:35 – Q&A: an audience member asks about the Monzo marketplace and where it’s at
18:50 – Q&A: an audience member asks about how Monzo intends to differentiate from competitors, and Julie talks about why it’s wrong to assume that Monzo’s principal competitors are other challenger banks