Source?? @MohammedMohammed
Source?
The great Mohammed has spoken
I Hope you’re right
At what share price? @MohammedMohammed
It will be approximately £12-£15
£12-15 for Monzo or Freetrade?
Freetrade
Monzo will have to do a stock split otherwise the share price will be about £40 at £10 billion valuation
Trust me bro’
@Jim_mcgrain i Hope so!
Monzo close to a new raise on a post-money valuation of £4bn.
Maybe a promising sign for ( ahem ) another fintech valuation ?
Would love to just get an understanding of quarterly revenue run rates as a start point for FT!
I honestly don’t buy the current valuation compared to 2021,an increase of only £400 million in 3 years,with approximately 5 million more customers and a healthy increase in business accounts.
Monzo was founded in 2015 and has become one of Britain’s biggest digital banks, alongside Starling and Revolut.
In 2021, the Abu Dhabi Growth Fund led a $600m funding round that valued the bank at $4.5bn (£3.6bn).
However, many challenger banks have seen their valuations cut following their boom in the pandemic, with Starling seeing its valuation slashed from £2.5bn to £1.5bn at the end of 2022.