Does anyone know the next time to invest in the crowdfunding of the Monzo Bank?
Have a nice week!
The last one was 6 weeks ago and they haven’t given any hints if or when there will be another
Some people have even speculated that there might not be another one
If it happens at all I’d speculate that there’s no point even asking the question for another year or so.
Hope there’s another. Missed out the last one as I was too young by a few days
Hi the quote below is taken from the first schedule when they did their first crowdfunding for 1million in 2016 (the 96 seconds one)
They have raised a lot more than this and I presume their targets and projects have all been massively exceeded, but the timings still seem correct - this would suggest there is one more crowdfunding left in Dec 2019 and a smaller one in Dec 2020.
I would rather they floated and used the cash and listed company status to help them expand in to the USA
Next round: We will need to raise funds by April 2016 (a total of £6M including the £1M raise with Crowdcube). Subsequent planned raises are £10m (December 2016) £16m (December 2017) £20m (Dec 2018), £16m (Dec 2019) and £2m (Dec 2020) >> Future capital injections depend on the growth of the business and are subject to approval from the appropriate regulators. They may, therefore, change substantially.