The $ billion and half valuation

Wowee.

https://www.theguardian.com/business/2018/aug/17/smartphone-only-bank-monzo-eyes-billion-pound-valuation

Though this is a bit cutting.

image

“Shocking-pink” or “shocking, pink”?!

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“shocking pink” they author defo tried to intentionally not say Hot Coral ha

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So glad they mentioned millennials in the first line, now I know it’s definitely an article about Monzo

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How do they refer to us oldies that aren’t millennial that seem to be quite a few.

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It warps their narrative too much so we are largely ignored

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Sorry, can you speak up a bit. My hearing isn’t what it was.

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Maybe you should be flattered that they are calling all Monzo customers young :wink:

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Those pesky millennials!

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I love how the article keeps jumping between £ and $. Pick a currency and stick to it please, it confuses my not-millennial old brain.

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So I have to ask… short term unsecured loans? Accel Partners who backed Wonga?

“Monzo you’re not going to be offering 5000% loans are you?, no not Monzo?”

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Spread the cost

They gave Wonga cash, doesn’t mean they had any say in the business

I know in my heart, it’s just not Monzo.

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Out of curiosity (and to honest brand pride) anyone hazzard a guess as to market valuation of Starling?

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Too much about them is hidden, how could you even guess a price?

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Wonder if Monzo are waiting to hit 1 million accounts before announcing this.

Either way looks like it’s true along with the guardian article

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I’m assuming that there might be a crowdfunding round to go with any speculative future funding round…? :thinking:

(btw, were you the very first Crowdcube investor?!)

(PS @glasgow @Dannytc @Jackcrwhitney - any chance of merging these threads?)

As requested!

Just to keep all the chat in one place :ok_hand:t3:

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The Guardian article refers to “high-interest savings accounts” which is promising, the other threads assumed they’d be < 1% given Monzo take their fee out of the interest too. Here’s hoping for something competitive (I think the highest quick-access savings account is just 1.4% at the moment though, or 3% or 5% with some bank accounts on a fixed term).

https://www.ft.com/content/ef54082c-a16a-11e8-85da-eeb7a9ce36e4

Phenomenal new valuation of Monzo - Monzo raises c$150m from investors including Accel Partners

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Hey mark,

Moved your post here to keep the chatter all in one thread surrounding this news. Hope that’s ok.

Thanks!