Thanks. Is there a chance to opt out of receiving a new card at all though? I was just recently sent a new card as a ‘precaution’, honestly it feels like an unnecessary waste of plastic (make Monzo cards using renewable resources already!)
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I’ve been told by previous investors that it’s optional. I really don’t want one either til this one breaks or expires
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It’s just a flag in a database so when you need a new card down the line it will say Investor on it. I don’t think they’ll just send out 20,000 new cards, that would be dumb and wasteful and Monzo are smart 
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Can’t wait !!!
Hi, let’s imagine, hypothetically, that you don’t raise £20m from your existing account holders. What’s next? Do we get an option to invest more? Or do you open up to the rest of the public?
Oh that makes a lot more sense. Thank you!
I think I read in the prospectus that if the 20 million is not reached then existing institutional investors can buy up the slack.
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Can’t wait for this, been waiting ages for a chance to invest 
I’m a bit confused as to why there is no business plan or forecast offered in the prospectus (with whatever the usual caveats are). I’ve taken part in both Brewdog’s fundraising and another more recent Crowdcube-based one similar to this for a smaller company. I’m fairly sure they gave indications of planned growth and other figures.
I’m well aware of, and not a little frustrated about, the very large increase in value since the last round that not everyone could take part in, but apart from a general/continued level of enthusiasm, what are we basing our estimates of future performance of the equity on? Unfortunately I’m fairly sure that recent rate of value increase isn’t going to be matched in the next 12 months.
I’m sure that the investors of the £85m will have had plenty of this forecast info to review and also that it would be of interest to others here too.
You’ll probably find their Annual Report helpful, there were lots of details about their plans in it -
Pages 35 onwards of the prospectus for this round have all the latest strategic information too.
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£6m to be precise (3,000 customers). Basically if every invester did the max £2k then that’s £14m so that leaves £6m to be invested still, which means 3,000 monzo customers. But that’s only if everyone invests the max £2k which is unlikely.
Hey, anyone knows if the shares pay dividends and if so, how that’s done?
Haven’t had an IPO yet so they aren’t public and also they aren’t profitable yet
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It may take them a few years to become profitable. And even if they do become profitable, they don’t have to pay dividends if the money can be reinvested back in to the business to develop new things and hence, create more value for the shareholders.
There can be two options at the moment: they go IPO and so you get a chance to sell your shares on the stock exchange OR a trade sale to a big VC, in which case the shareholders usually get an option to sell their shares to the VC. This happend with Revolut shareholders.
I think that’s about right. Correct me if I am wrong anybody:)
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They won’t for a while. No dividends whilst the company is loss making. Bare minimum hold of three years before you could even think of owning a cent from dividends. Even then it would be discretionary.
It might be a dumb question but how do we check the worth of our shares once we invest?
You have to wait for next rounds for evaluation.
Not if you use Freetrade.io
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With my very small knowledge on the subject, I think the safest way to see this is as throwing the money over the wall at Monzo and forgetting about it for a few years. Hopefully, when we finally remember what we did, there may be something of value waiting to be discovered.
My feeling is that this probably isn’t a sensible proposition for the sort of person who needs to check the value of something all the time.
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Spot on.
This is an unlisted company, previously only sophisticated investors would get involved. There is a huge amount of emotion being thrown around (I’m guilty too, I love Monzo) which is fine if you are punting 10 quid, but if you are investing serious money, emotion is the last thing you should be using as your buy indicator.
Big companies go bust too.
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