I love Cumbrian coffee
Well, here is some more app based competition in the USA that Monzo will need to face
Theyāre all at it!
I feel a Coral Crew Vegas meet-up in the near future!
there will be no Vegas meet up
But if there is, what happens in Vegasā¦
Going to be super interesting to see how Monzo plays out in the US
@oliver your tweet was quoted above showing your excitement for an impending US launch.
I understand you and @matt were also at the core of Hailoās app development and that business is listed as one of the āseven epic fails by businesses that tried expanding into foreign marketsā on Firmex.com. Failure is a strong word, Iād call it a learning curve and an opportunity to improve.
I was just wondering, what excites you both about Monzo going a similar route as Hailo?
Is there anything you have learned from the previous endeavour?
Do you think you can influence the success or failure of a unicorn as a single or couple of programmers, or do you think the outcome is influenced more by management/marketing/competition/various other things?
Best of luck!
Do you have a link to that article at all? The one in your post itās just to the home page.
Weāre very excited. We will be sharing lots more detail on our blog pretty soon, so watch this space.
We learned a ton from the experience of Hailo ā way more than we are allowed to or have space to go into here. Certainly that experience shaped some of our thinking and approach to expansion here, but itās important to remember that Monzo is a very different business, at a different stage, in a different industry. There are lots of āunknownsā, and many of these can only become āknownsā by going for it. We think weāre ready for this challenge and can manage the risks.
Canāt wait to know more.
Sorry, it got all wrapped in google spam and got fed up with trying to make the link work.
Seven Epic Cases of Companies That Failed Internationally | Firmex Resources should do the trick!
Thanks Oliver, great to hear the optimism. Youāve got 1.9million people willing you to succeed!
Comes back as something unwanted
So Iāve heard
Los Angeles, you say?
I am going to be travelling to California this summer and I am getting paid by a company to work out there. However, I have had to get a transfer wise card in order for them to pay me as I donāt think they can pay directly into a UK Bank, its a shame! but cant wait for the FULL MONZO EXPERIENCE to be accessible to America! I will definitely be doing my bit as word of mouth goes when Iām out in the States.
There is plenty of America to go around and Revolut and N26 have their own issues. I think the develop first and then release is the best approach.
The English market is just getting started, best to walk before they can sprint.
Could someone send the Telegraph a photo to replace the prepaid card pic? And to Which? as well
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