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From October 2018 to April 2019, what exactly changed with Monzo? If you were to objectively take the 2X-ing of valuation, you'd assume their revenues and profi
by writepub 8y ago
From October 2018 to April 2019, what exactly changed with Monzo? If you were to objectively take the 2X-ing of valuation, you'd assume their revenues and profits (if any) doubled in that time frame.
Hard to believe doubling of real KPIs (like GAAP revenues) in 6 months, I hope YC isn't contributing to the unreasonable doubling of valuation without actual KPI changes.
- exolymph 8y agoBy startup heuristics, user growth would be the important thing. Idk if those apply well to banks or not
- Peroni 8y agoThe timing of this funding round is also the biggest surprise for me. Their last round was in November last year and they raised a significant amount of money. It's genuinely taken me aback that five months later they are raising funding again.