Realistically, they needed an experienced senior leader to replace Tom at Monzo. You can’t hire that externally for a cheap price and expect them to grow a billion dollar company.
Honestly, given his CV I am a bit shocked at how low TS Anils remuneration is. A salary of just £260000 plus share options. He must seriously believe in and be committed to the shares - I imagine he could quite easily be earning seven figures in hard cash in Silicon Valley if he wanted to.
It’s it possible he’s also still earning from him Monzo US role, and that this might be through a storage set of accounts so not accounted for here?
Oh 100%, don’t dispute that - but I generally just find that section of the report interesting - especially with the bit of PR Monzo got on the topic of Renumeration last year.
Completely agree. I imagine the proportion of Shares vs Cash will change as time goes on (i.e. cash increasing as a proportion of total comp) - probably typical for a (relatively) early stage tech start up to be weighted more on stock earlier on. TS having meaningful stock is a great thing, and as you say, perhaps he asked for more stock rather than cash…
Interesting. I have no idea on the legal structure of Monzo US but I think it would all be accounted for in this report. Certainly even if it is a distinct legal entity, it’s a subsidiary of Monzo UK. I’m sure it’s all mentioned somewhere…
Yes group and company has same numbers so no pay to directors of the group other than in the head group company. I imagine in US not a group director in that role so no pay related to that role in that note and shouldn’t be.
Hey Everyone,
So i am not expert on the report but i did want to understand better so for those who want to understand it better here is a video i found on youtube that give you more insight.
I mean if you actually look, it’s not as good as it is being played out. They do not even know if they will make it through the next 12 months.
I love monzo i do but other apps have now caught up with most of its features. Monzo is my primary bank for my pay and savings but based on such uncertainty i am looking elsewhere now but i will keep my account in case i want to return. I feel i am blindly staying with them until i can see any form of sustainable improvement then i will return. Sad times.
Cool story bro
Has that video been discussed before? It’s less than a day old.
If we’re looking to YouTube for things to discuss then that’s sort of desperate. As ever, without knowing the qualifications of the individual doing the discussing I wouldn’t put much weight behind what they’re saying.
They could be 100% correct but how would anyone know?
It has not been discussed it was uploaded just over a day ago
I have already stated i love monzo just sharing my experience based on this information
It helped me understand the report alot better.
What your saying does not make it any less true
Dream on!
I never said anything bad about monzo as i said i am keeping it open to keep tabs on improvement but i mentioned the monzo future is uncertain as it also says in the report they can barely see past 12 months and other banks have caught up.
This is my experience and opinion based in the report not the video, the video just explains the figures.
Just because it youtube you shoot it down as invalid but your understanding of poor results for monzo is good and your view over ranks my understanding. Cool 
It’s already been discussed in the correct thread.
As long as my money is safe (which it is) and I actually like using Monzo I will continue to do so, regardless of whatever positives/negatives are in the report. I don’t have anything to lose. Every business has an element of risk and every business could collapse at any point. It doesn’t take a lot these days to turn the tide. 
I agree, this is just my take away from the report. I want to stay but i the fact they cannot see passed 12 months i personally do not like so for that reason i am considering moving but keeping account open to be able return if things start to look up.
You don’t see the annual run rate revenue and contribution margin positive as signs they’ve already turned the corner on profitability?
I do see i slight improvement its the comments from the directors basically not being able to forecast passed 12 months. Most other banks can and have a sustainable business model Tom Blomfield said so himself in an interview after he left and he has jumped ship. This was also on youtube which apparently is unreliable.
Its like only positive praise is allowed. This is just my take
There are some good things in there yes monzo is growing but the numbers are not good and if the big bosses are not even confident they can see passed 12 months then i am not.
However i will keep my account things could dramatically change or they may get bought out by another bank.
Today is going to be the day when people sign up or log in for the first time in months just to spread doom and gloom and misinformation from social media.
RIP Monzo. The end is nigh.
See you all next year 
