Is this a bit of fun and a moonshot prediction, or a serious estimation based on some numbers or comparisons?
A big chunk of my portfolio is Monzo so that would be fantastic, however it feels too optimistic to me even though they are killing it right now.
I think what puts a firm ceiling on it for me is that Wise are publicly valued at £5.7bn on the LSE with metrics twice as big as Monzo’s. They are arguably very different businesses with different business models, but i can’t see why Monzo would IPO at twice the value of a ‘similar’ London Fintech that takes twice as much revenue, earns twice as much profit and has a similar rapid growth trajectory as them.
If you think a comparison to Wise is valid, Monzo should probably.be worth around £3bn or maybe £4bn if they reach revenue run rate of £500m and break even in June.
Just my thoughts, but i’d love your £12bn prediction to come true.