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Someone recently asked on the Mondo Community forums "If I put my money into Mondo, how will it be invested?" Hugo Cornejo an employee answered with the follo
by alexbilbie 11y ago
Someone recently asked on the Mondo Community forums
"If I put my money into Mondo, how will it be invested?"
Hugo Cornejo an employee answered with the following:
"Very good question. During the first year a very small proportion of your money will be lent to private individuals in the form of unsecured overdrafts. That’s all the lending we’re doing. The rest sits in cash at the Bank of England. In future, we will do more personal lending and invest some of the money in UK government bonds."
Unfortunately the link to this reply is only available to Mondo testers:
https://community.getmondo.co.uk/t/after-6-weeks-of-use/337/2 https://community.getmondo.co.uk/t/after-6-weeks-of-use/337/...