The race to FOUR MILLION users

20th January 2010

:thinking:

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2nd of January 2020
The join up rate is phenomenal

December 21st :thinking:

31 January 2020

5 feb

2nd Jan 2020

16th December

4 weeks now without the promoted 55k new customers. Is Monzo going to start advertising again or reduce the 55k headline figure?

Probably the latter.

With the current stress the cops are under i cant see them going on another big push for a while yet

6 Likes

The Grafana stats indicate a slowdown trend - https://bankstats.joecarter.xyz/d/000000001/monzo-current-acc?refresh=5m&orgId=1 - which selfishly shows my prediction of 4M users on Xmas eve won’t likely occur. Big push needed to get through the recent negativity - this can happen - and ensure that Monzo will have 4M users before :santa: arrives.

Let’s 'ave it :monzo:;

bring_it

I really doubt this slowdown is due to recent “negativity” - I also doubt the impact of any recent negative press that you’re alluding to.

Much more likely that Monzo are growing faster than they’d like or had planned, so have toned down advertising to maintain quality of service.

Just my two cents.

4 Likes

29th February :smirk:

Scrap that. My maths doesn’t work. 29rh December.

I didn’t post, imply or manoeuver-to the term ‘press’ - so the statement I ‘alluded to’ simply doesn’t apply. Happy to hear what your take on “negative press” is though.

Sticking to facts and using them to push on in a positive manner is the key here - I’m still gunning for 4M by Xmas eve - come on :monzo::checkered_flag:

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“Only” five thousand new accounts a day. The horror!

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The number of open accounts is a great milestone but I’d really love to see how many of the accounts are being used on a daily basis.

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57% daily active is the latest stat I’ve seen in that regard

It says 40k now…

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Is it just my sketchy phone or has the feed for this site broken: https://bankstats.joecarter.xyz/d/000000001/monzo-current-acc?refresh=5m&orgId=1

Working for me. The curve shows a slight slow-down of sign-ups, then a recent increasing trend. Which is good :chart_with_upwards_trend: