Crowdfunding investments

Has anyone invested in a decent start up, is it throwing good money after bad? Not looking to put lots of money in, but naturally risk adverse doing this for the first time.
I do bank with them, and suspect they are going to be the next big thing.
https://monzo.com/invest/
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Thinking about doing the same but with Crowdfunding you never seem to get a "good" deal. The companies nearly always seem overpriced.
That said, i think Monzo are going places. If you pay tax (i'm sure you do), you can get SEIS tax relief, but I dont think this round with Monzo will qualify.
I've invested into a couple of start ups, but you really just need to see it as a punt - a gamble.
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I am sure @PragueAddick invested in few crowdfunding sites a while back0
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When you see that 15% of all new bank accounts in the UK are Monzo accounts, they seem to be doing a decent job.SE10Addick said:Thinking about doing the same but with Crowdfunding you never seem to get a "good" deal. The companies nearly always seem overpriced.
That said, i think Monzo are going places. If you pay tax (i'm sure you do), you can get SEIS tax relief, but I dont think this round with Monzo will qualify.
I've invested into a couple of start ups, but you really just need to see it as a punt - a gamble.0 -
Heard about this this morning. Seems a bit overpriced and it’s always a risk buying shares in something unlisted. I can see monzo perhaps being bought out by a major bank, but apart from that... not sure how much legs this has...
Que in 5 years or so this post gets quoted as a told you so or “what an idiot he missed out on this”0 -
They're doing a great job - i'm actually tempted to drop HSBC who i have been with for over 20 years to just use Monzo.Rothko said:
When you see that 15% of all new bank accounts in the UK are Monzo accounts, they seem to be doing a decent job.SE10Addick said:Thinking about doing the same but with Crowdfunding you never seem to get a "good" deal. The companies nearly always seem overpriced.
That said, i think Monzo are going places. If you pay tax (i'm sure you do), you can get SEIS tax relief, but I dont think this round with Monzo will qualify.
I've invested into a couple of start ups, but you really just need to see it as a punt - a gamble.
I think they will be around in the long term - they have just got their banking licence for the Republic of Ireland and i can see them blitzing through the rest of Europe in a few years.
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Not guilty! Maybe donations to a couple of crowdfunded causes; but more likely you are thinking of me in the context of P2P lender discussion, have a fair bit in that.MrOneLung said:I am sure @PragueAddick invested in few crowdfunding sites a while back
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I left First Direct for them, hugely impressed with the app, the customer service and just the way it works. Simple things of just having my balance live rather then guessing what the 'available balance' isSE10Addick said:
They're doing a great job - i'm actually tempted to drop HSBC who i have been with for over 20 years to just use Monzo.Rothko said:
When you see that 15% of all new bank accounts in the UK are Monzo accounts, they seem to be doing a decent job.SE10Addick said:Thinking about doing the same but with Crowdfunding you never seem to get a "good" deal. The companies nearly always seem overpriced.
That said, i think Monzo are going places. If you pay tax (i'm sure you do), you can get SEIS tax relief, but I dont think this round with Monzo will qualify.
I've invested into a couple of start ups, but you really just need to see it as a punt - a gamble.
I think they will be around in the long term - they have just got their banking licence for the Republic of Ireland and i can see them blitzing through the rest of Europe in a few years.1 -
At their rate of expansion and the popularity of the app, I can't agree that it's overpriced.
I wish I was a UK resident and I could invest.0 -
An institutional investor like a VC will get a better price on this, but that's a lot to do with the fact that these crowdfunding campaigns cost a lot to run and are almost a pseudo marketing campaign.Chunes said:At their rate of expansion and the popularity of the app, I can't agree that it's overpriced.
I wish I was a UK resident and I could invest.
Still, I am keen to stick some cash into this!0 -
You’ll need to wait for a return.
I expect the big banks to catch up and you have others like Starling.0 - Sponsored links:
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It took Barclays three years to develop their own card freezing technology.Rob7Lee said:You’ll need to wait for a return.
I expect the big banks to catch up and you have others like Starling.
Starling are interesting, seem more interested in building the stack and then allowing people to white label that technology.0 -
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 MonzoRothko said:
It took Barclays three years to develop their own card freezing technology.Rob7Lee said:You’ll need to wait for a return.
I expect the big banks to catch up and you have others like Starling.
Starling are interesting, seem more interested in building the stack and then allowing people to white label that technology.0 -
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.EastStand said:
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 MonzoRothko said:
It took Barclays three years to develop their own card freezing technology.Rob7Lee said:You’ll need to wait for a return.
I expect the big banks to catch up and you have others like Starling.
Starling are interesting, seem more interested in building the stack and then allowing people to white label that technology.0 -
It was this, and Apple Pay integration that got me over the line. You can't imagine any of the big banks being this proactive
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I just read they haven’t really launched in the US yet.. think that’s a massive market untapped that Silicon Valley types would love.Chunes said:At their rate of expansion and the popularity of the app, I can't agree that it's overpriced.
I wish I was a UK resident and I could invest.
I have a monzo account and was ridiculously easy to set up and I can cancel or freeze my card with a quick tap. Can create pots etc too.
If I had any capital I would be interested in investing. Seems a pretty interesting long term investment1 -
https://www.ft.com/content/0e6e17e2-7ae8-11e8-bc55-50daf11b720d
Ft article from earlier in the year. Always will be a punt to invest in loss making companies.0 -
Didn't they lose around £30m in the last financial year? The struggle they'll have is trust over high street banks...They might have 15% of all new accounts but how many of those people are actually using them to deposit their salaries / everyday banking?
Still...Might be worth a punt!
Edit: Just had a look, FT reckon that 80% of people do not use it to deposit their wages.0 -
I don’t. I use it to limit my spending money and keep an eye on it. A lot easier than using banking apps, which are slow and clunky.cafcpolo said:Didn't they lose around £30m in the last financial year? The struggle they'll have is trust over high street banks...They might have 15% of all new accounts but how many of those people are actually using them to deposit their salaries / everyday banking?
Still...Might be worth a punt!
Edit: Just had a look, FT reckon that 80% of people do not use it to deposit their wages.0 -
They were losing money because of the legacy of the pre paid cards, but I believe they now make money on each customer, and costs per customers have dropped massively
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That will come IMO. Definitely agree they are going places, but that runs the risk of them being bought out by a major Bank.cafcpolo said:Didn't they lose around £30m in the last financial year? The struggle they'll have is trust over high street banks...They might have 15% of all new accounts but how many of those people are actually using them to deposit their salaries / everyday banking?
Still...Might be worth a punt!
Edit: Just had a look, FT reckon that 80% of people do not use it to deposit their wages.
Been with them around 6 months and can't recommend them enough.0 - Sponsored links:
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I love it for all the reasons mentioned above. I also spent weeks faffing around with proof of address, ID etc when trying to open a joint account with my partner with Tesco. Monzo managed it in about 2 days.0
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yeah it is so easy, picture of your drivers license and recording a video (which i did in my dressing gown) and takes under an hour to be approved (this was on a sunday), 2 days later your card arrives in the post.JaShea99 said:I love it for all the reasons mentioned above. I also spent weeks faffing around with proof of address, ID etc when trying to open a joint account with my partner with Tesco. Monzo managed it in about 2 days.
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Assume you'd lose too much taking it out of the crypto given how much of a beating it's taken over the last two weeks?kentaddick said:
I just read they haven’t really launched in the US yet.. think that’s a massive market untapped that Silicon Valley types would love.Chunes said:At their rate of expansion and the popularity of the app, I can't agree that it's overpriced.
I wish I was a UK resident and I could invest.
I have a monzo account and was ridiculously easy to set up and I can cancel or freeze my card with a quick tap. Can create pots etc too.
If I had any capital I would be interested in investing. Seems a pretty interesting long term investment0 -
cafcpolo said:
Assume you'd lose too much taking it out of the crypto given how much of a beating it's taken over the last two weeks?kentaddick said:
I just read they haven’t really launched in the US yet.. think that’s a massive market untapped that Silicon Valley types would love.Chunes said:At their rate of expansion and the popularity of the app, I can't agree that it's overpriced.
I wish I was a UK resident and I could invest.
I have a monzo account and was ridiculously easy to set up and I can cancel or freeze my card with a quick tap. Can create pots etc too.
If I had any capital I would be interested in investing. Seems a pretty interesting long term investment3 -
Crypto is a risk I'm never taking!0
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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.1
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This.newyorkaddick said: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.
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Can you really only draw out 200 a month from a cash machine ?0
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Says the Tottenham supporter..5