Can anyone give a quick primer of what the letter after the share means? (A1 / A2, etc)
Does that infer level of voting rights, or am I confusing two principles here?
different funding rounds with sometimes different entitlements although I think the A series rounds - A1 / A2 are the same funding round issue
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Yes sorry I meant £7.7145 So this statement isn’t really true “ * If you invested in our crowdfunding round in December 2018, each share’s worth the same as it was then: £7.7145 So the increased value of 250million has been allocated as new shares. I got it now . Thanks everyone for there help
It’s exactly true. The financial value of my shares today is literally the same as it was on the day when I bought them.
Not what I was necessarily hoping for, obviously, but still 100% true. (I suspect that lying in shareholder communication is probably frowned upon so it sort of has to be true to be sent out to everyone doesn’t it?)
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But since we can’t sell them (and no doubt corona has pushed that timeline back) it doesn’t really matter
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I didn’t “couch” anything. As I said, this is no reason to celebrate.
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I really hope that at least 30-40% of this round is going to be invested into getting off the ground in the US. UK market is tiny in comparison and revenue potential here is much smaller, especially since you already have nearly 4.5million customers here, I think at best this could double in the next 3-5 years. But is that impressive? In the US I think 3-5 years could push you past 20mln users if it works.
That’s very pessimistic imo, Monzo almost doubled the size of their user base in the past year, despite various things slowing them down / not pushing as hard as they could have.
But yes, the US is a big opportunity too.
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I agree with @alexs above.
Aren’t the US way behind in banking innovations? Therefore they’re still stuck with cheques (or checks) and cash? Two of the things that are not a primary focus for Monzo and could prove difficult if you’re heavily reliant on these?
Simple allow you to “photo check deposit” , so the machinery in US must be available to facilitate this and Im sure Monzo must know this (god willing lol ) so would have thought ( hoped !!! ) Monzo would be implementing check imaging in the US
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I’m just happy I got to invest and I’m happy to wait and see what happens, cos that’s all I can do 
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Monzo aren’t turning a profit in the UK, so their work here is far from complete. They also need to sort out their product offering so that the competition don’t overtake them. Failure to do either of these things could be disastrous. You can, on a short/medium term basis, overlook Monzo’s failure to generate profit if you believe the product is so superior that it’s worth investing in. But that gets harder and harder to do as the competition catch up. If Monzo end up with an average banking product that fails to generate a profit, the whole company is dead in the water.
The potential to expand in to the American market definitely exists. Whether it’s worth targeting this market or not, I’m not so sure. For this to work, you need to believe that Monzo’s knowledge and experience of disrupting the UK market is worth more than the decades of experience in local banking regulation, millions of loyal customers, and billions of dollars of funding that sits behind the dominant US banks.
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Sorry, all of my quotes were to illustrate points to Tristan, not to take issue with them. I agreed with them all.
While I am sure Monzo will have to have cheque imaging in the USA, “so the machinery in US must be available to facilitate this”, the same is true in the UK and Monzo have failed to do this here - despite me thinking they would. So you can’t take anything for granted.
And credit cards…
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its two different use cases, from what I have heard on this forum there is a lot more check usage in US - you may know differently though 
I used to live in America and so am more familiar with the US banking system and still have an account there. Yes, cheques are used more as opposed direct debits etc
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This is bang on.
I have a lot of enthusiasm, time and respect for Monzo. I came to the Investors Conference and was truly impressed by what I saw.
This phrasing in the email really undermines all that. It’s utterly off-brand and disingenuous, to the point where I question what the senior management were thinking sending this out.
Due to its various positive impacts (brand loyalty, funds deposited, products per customer, referrals) ‘customer trust’ is perhaps the most valuable asset a bank could hope to secure. Even nore so in the case of a challenger bank. To undermine that trust with deliberately obtuse language, at complete odds with previous representations of the brand, and to some of your most engaged users, ambassadors and advocates, seems very ill-judged.
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google was my friend giving me 400,000,000 in the UK each year ( 1 a month for UK adults ? ) and 28,000,000 a day in the US ( 6 a month for US adults ? ) :-), I haven’t used a cheque for ages so somebody is having my average number - they are probably on the forum mentioning the lack of cheque imaging facilities …
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I’m relaxed about the down round. All banks valuations have fallen. The fact that Revolut got the value it did at it’s last round is probably more down to timing.
If you want to make money on shares in a bank faster than maybe setup a Freetrade account and buy some shares in some of the older incumbent banks. In the short term they will probably return more. In the long term of course, I would expect them to continue to lose share to the fintechs.
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