The $ billion and half valuation


(Nick Perry) #1

Wowee.

Though this is a bit cutting.

“Shocking-pink” or “shocking, pink”?!


Monzo to raise $150 million extra funding?
Monzo Valued at $1.5bn
#2

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


(Emma (still not the app)) #3

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


#4

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


(Emma (still not the app)) #5

It warps their narrative too much so we are largely ignored


(Nick Perry) #6

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


(Jack) #7

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


#8

Those pesky millennials!


#9

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


#10

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?”


(Emma (still not the app)) #11

Spread the cost

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


#12

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


#13

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


(Emma (still not the app)) #14

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


#15

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


#16

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?)


(Jack) #17

As requested!

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


(Caspar) #19

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).


(Mark) #20

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

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


(Jack) #21

Hey mark,

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

Thanks!