The $ billion and half valuation


(4 Round Investor) #64

£20 million is a lot to raise I think pledges were £12 million in round 2 or 3 I wonder if it will start with an investment cap say £1000 per person like round 1 and 2 then increase to unlimited if there is unused allocation let’s wait and see


(Andy) #65

If a company is valued at 250 and there are 1000 shares then each share is worth 25p. Company now valued at a thousand so each share is worth £1. But 150 news shares allocated so you own 1/1150 of a 1000 company. Dilution is necessary but reduces value. In high growth companies it’s part of the ride. As a shareholder you’d still be quids in.


#66

What is the pitch though?

Is it some groundbreaking financial hub taking a cut on referrals?

Is it to accelerate (and attract) the use of contactless by providing real time banking and take a cut of every transaction that would have either been with another bank or in cash?

Is it simply a traditional banking model lending out customers money at far higher rates than paid out as interest?

Or have I missed the picture totally and it is something completely different?


#67

We’ll just have to wait & see :thinking:

From @iansilversides Forbes article above, scaling to mainstream seems to be the next step which may well include international expansion & then an IPO:

“We’re only at the start of our scaleup journey,” says Tom Blomfield. “We’re at almost a million customers now. To get to 100 million or a billion is a whole other set of steps on their own,” continues the CEO of Monzo.


#68

OK. What has the pitch in the past been? The crowd funders and institutional investors must have had some idea of the investment proposition.


( related to Monzo CEO, Investor in Monzo ) #69

the investment deck was there for all to see in the crowdfunding rounds along with a “financial snapshot” , the annual report has been published on the forum for the past two years for all community members to the free forum to see, read and digest :slight_smile:


#70

Do we think this is the last chance to get in before an IPO?


#71

Although I have an account with crowdcube there are no details there now that I can find. I have read the annual reports, watched and listened to Tom on youtube and all I can gather is

We want to build a bank
We want to build numbers
We want to make money work for people (hub)
We want to control costs
We want to have 1 billion + customers

Is that the gist of it? Can you point me at the past investment deck?


( related to Monzo CEO, Investor in Monzo ) #72

if you invested in Mondo / Monzo and press the icon on your portfolio it then gives you a link to the pitch underneath - it downloads into PDF format so won’t allow me to post however it is at the bottom of this article I posted some time ago

  • we want to build a bank - guess thats the gist of it :slight_smile: all the rest of your points are covered by your first point :slight_smile:

#73

Thanks Ian. I’m not an investor so cannot access anything via Crowd cube. I will read the pitch at the bottom of the BI article when I finish shopping.


(4 Round Investor) #74

At the moment Monzo is a bet a high risk bet with excellent return potential I’m back the vision and the values it may work it may not the vc investment gives me validation of the company


(Danny) #75

I wouldn’t rely on VCs to guide you, they funded Juicero to the tune of $118m