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Monzo

Monzo logo

Financial bias: 5
Team bias: 3.2

Monzo

SUMMARY
Financial Services

#crowdcube #hipster100 #neobank #banking #fintech


Challenger bank providing mobile only banking services
TICKER
monzo
ENTITY
MONZO BANK LIMITED
active
#09446231

Born: Feb15

API



Business regulatory status: FCA 730427 10Aug16

valuation



market price valuation
GBP 1,172m
(as at 09Apr19)

media driven valuation
GBP 2,000m

valuations methodology

algo says

Experienced team
Regulated
Quality investors
Simple business constitution
Potential for international expansion

Operate in very competitive sector

Latest Series E fundraising round led by U.S. venture capital firm General Catalyst, and Accel (Oct 18). Thrive Capital's Joshua Kushner is brother of Jared Kushner, senior advisor to Donald Trump

featured


finances

as at ebit rev na(nl) equity debt cash
28Feb18 -33,076 ? 56,179 56,179 ? 96,943
Source: UK Companies House - Audited Accounts EY GBP 'OOOs
28Feb17 -7,900 ? 18,398 18,398 ? 14,874
Source: UK Companies House - Audited Accounts EY GBP 'OOOs
29Feb16 -1,673 ? 568 2,000 ? 411
Source: UK Companies House - Unaudited Accounts GBP 'OOOs

crowd funding

20,000,000 GBP raised via Crowdcube at valuation of 1,000,000,000 GBP (for 2.04%) as at Dec18
source


controllers

Passion Capital Fs Lp
Ownership of shares 25 to 50 percent; voting rights 25 to 50 percent (notified: 06Apr16 ceased: )

shareholders

Passion Capital


A ORDINARY


Passion Capital FS LP 83.4223%

Crowdcube Nominees Limited 16.5777%


B ORDINARY


Passion Capital FS LP 100%


C ORDINARY


Thrive Capital Partners V L.P. 57.9257%

Passion Capital FS LP 22.691%

Crowdcube Nominees Limited 10.8697%

Orange Digital Ventures SAS 6.8073%

Claremount V Associates L.P. 1.0709%

Kevin Systrom Revocable Trust 0.4538%

Tom Odell 0.1815%


D ORDINARY


Mammoth LLC 34.9783%

The Crankstart Foundation 16.9113%

Passion Capital FS LP 16.7008%

Goodwater Capital II LP 16.0479%

Thrive Capital Partners V L.P. 8.589%

The Kelson Foundation 2.1139%

The Loud Hound Foundation 2.1139%

Crowdcube Nominees Limited 1.2375%

Orange Digital Ventures SAS 1.057%

Claremount V Associates L.P. 0.1588%

Kevin Systrom Revocable Trust 0.0916%


ORDINARY


Passion Capital FS LP 10.6824%

Thomas Blomfield 9.9182%

Paul Rippon 8.0495%

Jonas Huckestein 2.4303%

Gary Kevin Dolman 2.1405%

Jason Bates 1.0287%

Denise Kingsmill 0.9611%

Matt Heath 0.8212%

James Nicholson 0.513%

Simon Vans-Colina 0.5128%

Leah Templeman 0.3365%

Nick Masterson-Jones 0.2133%

Timothy Tracy Brooke 0.1201%

Keith Woollard 0.0457%

Dominic Wong 0.0426%

Volker Wedler 0.0318%

Therese Williams 0.0047%

Hugo Cornejo 0%


Note: This is based on public information and may not take into account options, convertible debt, off balance sheet side letters, other economic rights as per the cap table, etc


cap-table

EQUITY GBP ORDINARY

VOTING - EACH SHARES IS ENTITLED TO ONE VOTE. DIVIDENDS - EACH SHARE IS ENTITLED TO PARTICIPATE IN DIVIDEND PAYMENTS PARI PASSU. CAPITAL RETURN - EACH SHARE IS ENTITLED TO PARTICIPATE IN A DISTRIBUTION (INCLUDING ON A WINDING UP). REDEMPTION - THE SHARES ARE NOT REDEEMABLE.

18Feb17

EQUITY GBP A ORDINARY

THE SHARES HAVE ATTACHED TO THEM FULL VOTING, DIVIDEND AND CAPITAL DISTRIBUTION (INCLUDING ON WINDING UP) RIGHTS; THEY DO NOT CONFER ANY RIGHTS OF REDEMPTION.

18Feb18

EQUITY GBP B ORDINARY

THE SHARES HAVE ATTACHED TO THEM FULL VOTING, DIVIDEND AND CAPITAL DISTRIBUTION (INCLUDING ON WINDING UP) RIGHTS; THEY DO NOT CONFER ANY RIGHTS OF REDEMPTION.

18Feb18

EQUITY GBP C ORDINARY

THE SHARES HAVE ATTACHED TO THEM FULL VOTING, DIVIDEND AND CAPITAL DISTRIBUTION (INCLUDING ON WINDING UP) RIGHTS; THEY DO NOT CONFER ANY RIGHTS OF REDEMPTION.

18Feb18

EQUITY GBP D ORDINARY

THE SHARES HAVE ATTACHED TO THEM FULL VOTING, DIVIDEND AND CAPITAL DISTRIBUTION (INCLUDING ON WINDING UP) RIGHTS; THEY DO NOT CONFER ANY RIGHTS OF REDEMPTION.

18Feb18

people (8)

BLOMFIELD, Tom logo 1 1
BLOMFIELD, Tom
#director #founder
18Feb15
@gocardless @oxon

#British #33yo
DOLMAN, Gary Kevin logo 3 11
DOLMAN, Gary Kevin
#director #cfo
07Nov16
@pwc @ing

#British #56yo
BROOKE, Timothy Tracy logo 10 13
BROOKE, Timothy Tracy
#director
15Sep15
@jpmorgan @pwc

#British #58yo
BURBIDGE, Eileen logo 2 2
BURBIDGE, Eileen
#director
21Apr15
@passion

#British #47yo
WOOLLARD, Keith logo 1 6
WOOLLARD, Keith
#director
23May16
@fca @m&s

#British #64yo
ADAMS, Susan logo 1 1
ADAMS, Susan
#secretary
25Sep18
@cantab
KIRK, Amy Jayne logo 1 1
KIRK, Amy Jayne
#director
24Jan17
@wonga @bankofamerica

#American #51yo
GRIMSHAW, Miles logo 1 1
GRIMSHAW, Miles
#director
21Feb17
@thrivecapital

#American #28yo
KINGSMILL, Denise, Baroness
#director
27Mar15
23Mar18 (res)
@cantab #CBE

news

Monzo set to raise up to £100 million from US fund Y Combinator
Telegraph 08Apr19
Challenger banks Oaknorth and Monzo team up to launch savings accounts
CityAM 21Mar19
Monzo to roll out business bank accounts in revenue shake-up
CityAM 10Feb19
Digital bank Monzo in discussion with Post Office to allow customers to deposit cash
CityAM 05Feb19
Monzo teams up with Flux to add itemised receipts and loyalty points
TechCrunch 28Jan19
Fintech unicorn Monzo to appoint former Northern Rock boss to banking board
CityAM 08Jan19
Challenger bank Monzo has quietly begun working on a U.S. launch
TechCrunch 04Jan19
Challenger banks - including Monzo - named in fight for £775 million RBS cash
Evening Standard 19Dec18
Digital bank Monzo just crowdfunded £20m in under three hours
Metro 05Dec18
Monzo 'absolutely not' the next Wonga, says founder amid high-cost loan speculation
CityAM 05Dec18
Digital bank Monzo 'to allow customers to go overdrawn' to buy shares in £20m crowdfunding round
CityAM 30Nov18
Monzo confirms record-breaking UK fintech crowdfunding round
CityAM 26Nov18
Monzo explores expansion into high-cost loan products
Telegraph 26Nov18
Monzo vies for grant to launch business banking service
Financial Times 22Nov18
Monzo teams up with Paypoint to allow users to deposit cash in shops
CityAM 21Nov18
Monzo launches interest paying savings account
Telegraph 01Nov18
Monzo raises £85m to help launch new products and expand
Financial Times 30Oct18
Digital bank Monzo reaches a million current account customers
CityAM 24Sep18
Monzo poised to join ranks of Europe’s fintech 'unicorns'
Financial Times 17Aug18
Challenger bank Monzo launches accounts for 16-18 year olds
TechCrunch 06Aug18
Monzo losses widen but the digital bank's user numbers surge
Telegraph 01Jul18
Monzo partners with TransferWise for international payments
TechCrunch 25Jun18
Monzo now supports Apple Pay
CityAM 17May18
Monzo, the U.K. challenger bank, now lets you pay ‘Nearby Friends’
TechCrunch 10May18
Monzo launches overdrafts
UKTN 11Apr18
Monzo breathes sigh of relief as vast majority of active users upgrade to current accounts
CityAM 04Apr18
Monzo given go-ahead to ‘passport’ banking licence to Republic of Ireland
TechCrunch 14Feb18
Monzo to phase out popular prepaid cards by April
Financial Times 20Jan18
Monzo introduces overseas ATM fees
Telegraph 10Jan18
Instagram co-founder Kevin Systrom has backed the U.K. challenger bank Monzo
TechCrunch 21Nov17
Monzo’s latest round included £11M in secondary as founding employees partly cash in
TechCrunch 20Nov17
Monzo plans crowdfund ahead of float
Telegraph 18Nov17
Digital challenger bank Monzo raises £71m as Micheal Moritz, Stripe and Goodwater Capital boost valuation
CityAM 07Nov17
Monzo now supports Android Pay, but not Apple Pay just yet
CityAM 24Oct17
Monzo, Revolut, and other UK fintech firms went down
Business Insider 23Oct17
Startup bank Monzo is ending one of its most popular features — unlimited overseas ATM withdrawals
Business Insider 17Oct17
London fintech star Monzo is fending off one takeover offer each month
CityAM 10Oct17
Tech City UK sets up 'Fintech Delivery Panel'
FinExtra 13Sep17
Monzo launches poll on overseas ATM fee levels
FinExtra 13Sep17
London fintech Tail is a cashback platform built on the promise of Open Banking
TechCrunch 14Aug17
Monzo CEO apologises for unacceptable outages and tells customers to carry a backup card
Business Insider 07Jun17
It's official: Monzo's now got a full banking license from the Bank of England's PRA and the Financial Conduct Authority
CityAM 06Apr17
Digital challenger bank Monzo just smashed another crowdfunding record on Crowdcube
CityAM 30Mar17
Monzo Completes Pre-Registration For Second Crowdcube Initiative: We’re Tallying the Exact Final Total Now!
Crowdfund Insider 14Mar17
Update: Monzo Attracts Over £8.8 Million in Interest Two Days into Pre-Registered Campaign
Crowdfund Insider 03Mar17
Monzo Opens Pre-Registration For New Crowdcube Campaign & Quickly Attracts £5.8 Million in Interest
Crowdfund Insider 01Mar17
An interview with Tom Blomfield, co-founder of Monzo.
The Finanser 22Feb17
Monzo draws in 100,000 users; closes on £1 million transaction spend
FinExtra 25Jan17
The UK’s new breed of digital challenger banks: Atom, Monzo, Starling and Tandem - Ranked.
Techworld 13Dec16
Monzo rolls out in-app payments for contacts; adds magstripe switch
FinExtra 15Nov16
Monzo launches temperamental Siri payments feature
FinExtra 01Oct16
Monzo boss warns major banks face ruin as they are swept away by new technology
Daily Mail 29Aug16
Mondo to turn to crowdfunders as part of £15-£20 million funding drive
FinExtra 16Aug16
Digital challenger bank Mondo just got its banking license
CityAM 11Aug16
Mondo hits £20 million customer spend
FinExtra 08Aug16
Startup bank Mondo has to raise at least £15 million to get its banking licence
Business Insider 22Jun16
'Hopefully we won't be Banky McBankface': Startup bank Mondo is letting customers change its name
Business Insider 13Jun16
Mondo, the U.K. banking startup, opens public Beta
TechCrunch 17Mar16
Mondo takes just a minute to raise £1 million
FinExtra 03Mar16
Mondo gives you a smarter debit card – and could one day replace your bank
The Next Web 15Feb16
5/19/2019 12:21:45 PM

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