I disagree with everything you have just posted. Can you elaborate a little please.
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Still early days imo. What are your thoughts on Uber, Airbnb, Peloton, Dropbox, Pinterest, Snap? All are not profit-making.
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Sure, read their last two quartersâ earnings reports and everything I said about them losing money will make more sense.
Regarding this not being a cash cow, I understand that lending is big business but paying zero interest over three months doesnât make anyone money (unless they count making a tiny bit of interest off the money that would remain in the persons account instead)
Happy to be proven wrong though, if youâve spotted something I havenât seen?
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Iâll concede Iâm a rose tinted specs crowdfunded but this feels exactly like a cash cow.
After pay have just been brought for $29bn by Square. They have 3 times as many customers as Monzo (16m v 5m) and are dedicated in this space. They donât however have the same trust as Monzo and remain reliant on retailer relationships.
Afterpay are valued $1,800 per customer, if Monzo adopt a conservative 50% user valuation ($900) it valued this part of their business at $4,500,000.
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Absolutely agree, but the key differentiator for me is that all of these things youâve mentioned are luxury services, not fundamentals like a bank. Everyoneâs risk tolerance is different, but when it comes to storing my money I look for protection first and foremost.
Fair point on the going concern issue. But as long as you keep less than the fcsc-protected sum in Monzo, youâre safe whatever happens anyway.
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I think Monzo Flex is definitely for you,if itâs protection you want.
â How are purchases protected? Monzo says returns work just like if you paid with a debit or credit card â money comes back into your account and you can choose to pay back the Flex agreement right away or not. Shoppers using Monzo Flex to pay will also benefit from Section 75 protection. This allows you to make a claim to your credit provider to get your money back if something goes wrong, as long as the price of the goods or services were worth between ÂŁ100 and ÂŁ30,000.
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Nope, Iâve no confidence in Monzo to do well in the long term so Iâve never invested in them. This obviously means that theyâll become the biggest bank in the world and probably also get a monopoly in Space Cash when we all live on Mars.
Donât worry, my âpooey Midas touchâ hasnât been anywhere near this.
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I get that, but that for me is sort of like saying âDonât worry if the plane explodes, you have a parachuteâ when there are plenty of safer planes right there on the tarmac.
Everyoneâs situation is different, for me: I have a mortgage and committed spending that I canât really miss. If my bank goes under and I have to go through a potentially lengthy claims process, Iâd rather just mitigate my risk at the source.
Iâm not anti-Monzo at all. I was a customer for years, and want them to do well. I just have to do whatâs right for me in my personal situation, is all.
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I imagine this is going to be used as a big drive to get people to start using Monzo as their main bank account. Thereâs already a waiting list for the feature and selection is based on âhow you use your accountâ among other things according to a member of staff on their forum.
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Itâs a way to pull customers that only use the account for online shopping for example⊠Like me, To use it more frequently and often⊠And then hopefully they use other services monzo offersâŠ
I personally donât like buy now pay later⊠But I think it will be a huge market they get with thisâŠ
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Have I missed something,I thought the discussion was about a new product feature âFlexâ
I can guarantee you 100% that Monzo will not be going under. They are valued at over 1 billion and I would suggest that by next year they will be easily valued over 2 billion.Very worse case scenario would be a takeover. I really donât see the need to be scaremongering.
He raised valid points, not scaremongering. Poor execution on âFlexâ could contribute to Monzo failing.
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Oh right,poor execution of course there is every chance they could execute poorly. Knowing Monzo they will execute poorly and fail spectaculary. But Klarna,Curve,Revolut,Square,PayPal etc. will all execute the product offering perfectly 
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And the reason you can guarantee 100% Monzo will not be going under is because you invested in them?
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Slightly more substance than that!
As I said above they are valued at ÂŁ1.2 billion and I believe they will be valued at over 2 billion next year,so in my opinion the worse case scenario is they would be very attractive to a potential takeover.Just to clarify I wonât be commenting anymore on this subject 
I actually have invested in them so am probably biased in their favour but doing my best to be objective. Iâm not worried though, if they fail I have a 100% guarantee from you right Jimbob?
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And also the FSCS up to ÂŁ85,000 if you have more than that then best put it in another bank account 
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Welcome back Juno 
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This is almost identical to the Tymit credit card product (hit me up for a ÂŁ15 referral!) with 3 months interest free spread on any purchase.
As a Visa card, it has wide acceptance and I am obsessed with it, however having this feature in my Monzo account is also good.
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