Selling shares in Monzo from crowdfunding round?

I think Ian’s question was rhetorical chaps, why on earth would anyone want to sell?


I realised when I read it again, but it cant hurt to put the feelers out there…

If someone has say, £1000 worth of shares, and they fancied giving the odd £10 to loyal Monzo members, then I wouldn’t discourage them. :eyes: :wink:


The share T&Cs say (I believe) that any share transfers have to be approved by Monzo themselves.


Count me in as an interested party.

Given what @tom says here I’m not sure that’s a great idea:


Haha thanks for the quote from Tom. I saw that a few days ago. One of the likes on the original comment was me!

Sorry if you were offended by my comment, I was joking. Hence the :wink:

Don’t get me wrong, I was peeved when I didn’t get shares, but I would much rather they worried less about loyal users/early adopters/people who have spread the word directly to 30+ others, and got the current account up and running eeeeeeek exciting!


Nah, not offended at all, just adding my tuppenny worth. Like you I’m a failed pledger :sob:


Sadly, we’re in abundance! A friend of mine pledged £10 and doesn’t even have Monzo - he’s now an “Investor”. :cry:

Edit: did we decide that it shouldn’t be allowed to buy shares in the secondary market, as the original post asked?

While without an IPO there is no possibility to trade your shares on the open market, is there any mechanism to allow (or prevent) personal sales of your shares, as if they were physical certificates? The current share certificates are electronic copies with our name assigned to them which would complicate things.

You’ve picked the perfect time to answer this, as Ian’s just found out the answer for us in the first post in this thread :slight_smile: so I’ve moved your post here.

Does that answer your question?

@alexs Yep, that’s a pretty definitive “yes” (though Caveat Emptor, with Crowdcube’s involvement as a psuedo-escrow this should reduce the risk to both parties).

@BobT That admin fee has already been paid by Monzo when they initially issued the shares through Crowdcube. Once issued, any additional transfers should not incur an additional charge to Monzo. i.e. Monzo issuing 100 £10 units of shares would lose them £10 per share (with a £20 per issue admin fee), but Monzo issuing one £1000 unit of shares and then the owner splitting it into 100 £10 units of shares themselves would only incur the initial £20 fee.

However, the downside for anyone buying ‘second hand’ shares is lack of direct recognition by Monzo as being a funder, instead just being a shareholder. If Monzo were to recognise them and offer similar benefits (e.g. early access to the Current Account) then that would start incurring extra costs to them.

i have it if selling :smiley: i have crowdfunding account to

I’d be interested to know where you’re getting this information from?


@alexs I was thinking the same thing:

If this is true, @tom has a much cheaper way to get more investors on board. I’d like to see the source.

there is no concept of funders or shareholders with the crowdfunding shares as the certificates are actually issued under a Nominee structure with Crowdcube holding the shares and you being recorded as having an interest in the share value purchased. The nominee records are amended with a secondary market sale rather than a change of actual shareholder. There is no change in shareholder records at Companies House or anywhere, purely Crowdcube providing your contact details to Monzo so they can provide mailshots and any agreed perks. The decision to sell shares on the secondary market is not made by Crowdcube but done only with the agreement of Monzo. If Monzo do not wish sale on the secondary market they could prevent Crowdcube doing so (just like Tandem have prevented the sale of their shares on Seedrs secondhand market)


There is a giant elephant in the room… we all want to buy and no one wants to sell. :frowning:


This is the same issue the banks bidding to buy monzo out (“every month” according to Tom) have - the founders and investors are not going to sell, they’re in for the journey You could offer them £100 a share (100x return on last round) and I think most would say no we’ll see what it’s worth at IPO thanks.

I could be wrong about that but I get the feeling this mission is about more than becoming rich quickly.


the thing is everyone expects to buy at the price they were originally sold at. were prospective buyers to offer twice the price I am sure some would be interested

sell you 10 mine:) :+1::+1::+1:

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