Though this is a bit cutting.
“Shocking-pink” or “shocking, pink”?!
“shocking pink” they author defo tried to intentionally not say Hot Coral ha
So glad they mentioned millennials in the first line, now I know it’s definitely an article about Monzo
How do they refer to us oldies that aren’t millennial that seem to be quite a few.
It warps their narrative too much so we are largely ignored
Sorry, can you speak up a bit. My hearing isn’t what it was.
Maybe you should be flattered that they are calling all Monzo customers young
Those pesky millennials!
I love how the article keeps jumping between £ and $. Pick a currency and stick to it please, it confuses my not-millennial old brain.
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?”
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.
Out of curiosity (and to honest brand pride) anyone hazzard a guess as to market valuation of Starling?
Too much about them is hidden, how could you even guess a price?
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
I’m assuming that there might be a crowdfunding round to go with any speculative future funding round…?
(btw, were you the very first Crowdcube investor?!)
Just to keep all the chat in one place
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).
Phenomenal new valuation of Monzo - Monzo raises c$150m from investors including Accel Partners
Moved your post here to keep the chatter all in one thread surrounding this news. Hope that’s ok.