lol I quite like the innovation of budgets where a bank tells you that you are nearing your budget and are in danger of overspending , can’t ever remember Lloyds warning me that I was getting close to my budget , they just let me go over it and then charge me for my un-arranged overdraft 
thats quite an innovative way of conducting business
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That’s not really the point.
If the shoe were on the other foot and it was opened only again to existing investors, those who weren’t able to invest would be equally irritated and actually, with much less reason than the person who started this thread. Somebody with an existing stake in the business should be able to avoid dilution, particularly if they have been investing in every round.
Inevitably, the majority of people on this forum are likely to be very pleased with the UK only investment because it ensures they can feel closer to Monzo, whatever that means.
If Monzo have overlooked this and not baked it into the logistic or regulatory process, it’s a bit of an oversight in my opinion.
There seems to be a feeling amongst Monzo users who haven’t been able to invest that they have a right to invest and that they have in some way been discriminated against due to the size of previous rounds.
This is obviously a way of appeasing them. But, you can hold them accountable to building a good product by continuing to use it. As an investor, your interest should be in them building a successful business, increasing the value of your shares, part of which will rely on a good product. Otherwise, you’re nothing more than a supporter or a donor to Monzo.
As soon as the product is no longer good enough, people will leave and customer numbers are much more valuable to Monzo than your investment.
Personally, I don’t think I will invest in this round at the current share price but I can sympathise with people who aren’t able to invest having done so in previous rounds.
They have never stated that that is what they are doing - I had just pointed out that in some cases it would make users feel more invested in the company and therefore they may be more likely to keep their money there. I guess I don’t understand why they can’t have confidence in their product AND promote buy-in/investment from their customers?
“I would rather they have enough confidence in their product to not rely on investments to maintain accounts.”
crikey
Tell me which of the below “have enough confidence in their product” to not require further funding to expand their businesses
Starling
Revolut
N26
Monese
Atom
Tandem
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I personally think it’s great that they want you to own a little bit of what you like.
For me it’s easy. They need capital, I’m willing to give it for equity. It’s win win.
Same would happen if this was any company I used regularly.
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You’ve used the term “sly” at least twice to describe practice in the last few days and on each occasion, you’ve clearly misused it. On neither occasion does the term fit. In this latter case, it simply doesn’t even make sense. Others here have explained why.
I defend to the death, your right to post…but really?
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How does it tie people in? You keep your shares if you close your account
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You have completely taken my original comment and twisted it in a really unfair way. I wasn’t implying that Monzo was trying to take people hostage - I was purely saying it would benefit the company if customers felt that they were invested in it.
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You should make a Nationwide forum 
I suppose some people might see it as a tool for drawing in more customers and locking them into a product but if they didn’t feel it was a good opportunity then they wouldn’t invest. No harm done. I think it’s a great way to allow customers to own a stake of a company responsible for looking after their money especially as it’s being offered within the app so everyone can get involved not just “investors”
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Is there an ignore user function on discourse yet?
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I like Nationwide, but this weekend my credit card was blocked for no reason other than their algorithm didn’t like the pattern of my spending. I phoned them up after a decline trying to buy something at 8:20pm Saturday evening and was told they could only deal with lost/stolen cards at that time. The ‘security’ team had gone home, I’d need to wait until the next day, no card use until then. No way would this have happened with Monzo.
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There already is one!
No idea what it’s like though. I believe it’s heavily moderated etc.
https://www.nationwide.co.uk/about/have-your-say/connect-community
Is this all not wildly off topic now??
I’m going to stop watching this thread.
Has anyone actually asked Monzo why it’s UK only for this round of crowdfunding?
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The cut off date to open an account was the day before the investment was announced. People may have speculated they needed one but that wasn’t announced by Monzo
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So that their customers get the chance to invest. The previous funding rounds weren’t open very long so this provides that opportunity
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Maybe they will after initial crowd funding from their customers
You are missing the point. It’s not about investors vs customers. The point is that one group of investors has been deliberately excluded from this round.
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Yes.
I’m not sure what else you want people to say. I assume the decision has been taken for a reason and I assume Monzo have the legal right to take that decision. On that basis, why is this a big deal?
As I said before, any decision would be seen by one group or another as unfair (which really has no meaning here in my view) so surely the only truly fair alternative would be to take funding from the VC firms and leave the rest of us out completely.
I get that existing investors may not like it, but it’s not ‘unfair’. It may ‘abnormal practice’ (I have no clue) but, again, so what? As long as it’s legal these are decisions that Monzo have the right to make.
What am I missing?
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“Those aren’t limiting it to customers only as a way of tying people to their accounts. Obviously you’re fine to have your opinion, but as I’ve not laughed at yours I’d like you to do the same.”
why is it tying people to their accounts you can leave Monzo any time you want after you have invested - in what way is investing in Monzo tying you to their account ?
sorry you took offence at my “lol” - " but as I’ve not laughed at yours I’d like you to do the same "
You also are fine to have your opinion, I have read most of it on the "other " site
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