Monzo is a relatively well-established 'start up' which has raised money from both traditional and crowdfunded sources, but on average I would expect that crowdfunding retail investors will be shown an adverse selection of potential investments which have likely exhausted traditional (and generally more sought after) sources for reasons which would likely lead one to want to steer clear.
So that’s a steer clear from Monzo or from other crowdfunding rounds?
Stripe putting a load of cash in makes me more confident in them long term as well.
Monzo is a relatively well-established 'start up' which has raised money from both traditional and crowdfunded sources, but on average I would expect that crowdfunding retail investors will be shown an adverse selection of potential investments which have likely exhausted traditional (and generally more sought after) sources for reasons which would likely lead one to want to steer clear.
So that’s a steer clear from Monzo or from other crowdfunding rounds?
Stripe putting a load of cash in makes me more confident in them long term as well.
I'm a bit torn on it, feel like Monzo is quite low-risk but is also low-reward. I would say that I'm leaning towards fancying it - mainly because it's a bit more 'fun' than the usual S&S ISA or whatever, but also because I do back them to be successful long-term & I'm not fussed on any short-term return on it.
Is the general feeling on this thread a 'no' though? I know that football forums aren't the place to go for FSA approved advice, but what's the gut feeling generally from those who are better-informed than me?
Haha. What I was getting at was its easier to use contactless than go to an ATM to draw out cash.
(I didnt flag you btw - whoever flagged that withdraw it FFS, totally OTT for something said in jest!)
Ha ha. Did someone actually get upset by that simple tongue in cheek comment. Thank god you could see through it JBUK. You know what, I have been looking/posting on this site for 10/15 years now, and people are beginning to get more and more precious. Getting a bit fucked off with it if the truth be known.
I expect the big banks to catch up and you have others like Starling.
It took Barclays three years to develop their own card freezing technology.
Starling are interesting, seem more interested in building the stack and then allowing people to white label that technology.
I actually chatted to one of the product managers over at Barclay's online dept at a work thing a couple a weeks ago - they're shitting bricks over companies like Monzo
As they should. The main high street bank monopoly has had it too easy for too long with appalling customer care. I dumped them a long time ago.
I’ve no idea about monzo or what they do but there is these days what was traditional banking business and customers that the banks probably no longer really want to do or have because it’s either too much aggro, the regulations are a pain, or financial crime laws mean the risks are too high for the rewards. Sometimes rapid growth in customers and business isn’t necessarily a sign of a successful business but if they’ve got a nice app then whoopy do, they must be good
Haha. What I was getting at was its easier to use contactless than go to an ATM to draw out cash.
(I didnt flag you btw - whoever flagged that withdraw it FFS, totally OTT for something said in jest!)
Ha ha. Did someone actually get upset by that simple tongue in cheek comment. Thank god you could see through it JBUK. You know what, I have been looking/posting on this site for 10/15 years now, and people are beginning to get more and more precious. Getting a bit fucked off with it if the truth be known.
@Robbo on the wing mate Most of the flags that get given come from people scrolling on their phone and acccidently hitting on the button. Really wouldn’t read anything into it
Monzo obviously have no history and no high street presence. Without that they will not attract the over age 40 customer base. Concept is good but niche, and what ever they can do so can the more traditional high street players. I can see no reason why this should succeed, as anything other than a short term flash in the pan. Look how many small energy suppliers are going bust. In my view this will not make you rich.
Haha. What I was getting at was its easier to use contactless than go to an ATM to draw out cash.
(I didnt flag you btw - whoever flagged that withdraw it FFS, totally OTT for something said in jest!)
Ha ha. Did someone actually get upset by that simple tongue in cheek comment. Thank god you could see through it JBUK. You know what, I have been looking/posting on this site for 10/15 years now, and people are beginning to get more and more precious. Getting a bit fucked off with it if the truth be known.
@Robbo on the wing mate Most of the flags that get given come from people scrolling on their phone and acccidently hitting on the button. Really wouldn’t read anything into it
AKFA, dont spoil it for me mate, I love a rant after a couple of sherries.
Comments
(I didnt flag you btw - whoever flagged that withdraw it FFS, totally OTT for something said in jest!)
Stripe putting a load of cash in makes me more confident in them long term as well. £5000 a month, or £200 a month overseas fee free
They’re not much better quality wise than the rubbish touted on Dragon’s Den.
Got a golden ticket as well if anyone wants a card.
Is the general feeling on this thread a 'no' though? I know that football forums aren't the place to go for FSA approved advice, but what's the gut feeling generally from those who are better-informed than me?
General feeling was it's a goer, but you'll have to wait for your returns.
All sold in 2 hours and 42 minutes, which is a UK Crowdfunding record.
You know what, I have been looking/posting on this site for 10/15 years now, and people are beginning to get more and more precious.
Getting a bit fucked off with it if the truth be known.
Nice work Henry and Co.
Schoolboy error.