Matt Cooper’s Post

View profile for Matt Cooper, graphic

Co-CEO @ Crowdcube | B Corp | Capital Raising | Investing

Countless press articles over the past few days covering Monzo Bank posting its first annual profit of £15.4m since launching in 2015 (including this latest one from the Financial Times below) The business is now valued at $5.2b. Lot's of questions (mostly dodged!) about the potential of a London listing or the prospect of a US listing with a growing US focus. Also confirmation that it’s in the early stages of expanding into the broader European market via a new base in Ireland which is exciting. The company said that it expects to grow its customer count to 11 million in the coming year under the leadership of TS Anil. The UK neobank scene appears to be thriving which is great. We currently manage more than 40,000 retail investor positions in Monzo from when they invested in the company between 2016 and 2018. Investors who participated in the 2016 round came in at a pre money valuation of £23.6m 😎 https://lnkd.in/eHcsex_u

Digital bank Monzo reports first annual profit

Digital bank Monzo reports first annual profit

ft.com

Matt Cooper

Co-CEO @ Crowdcube | B Corp | Capital Raising | Investing

1mo

I should have given a hat tip to Tristan Thomas for all the hard yards back in the day!

Like
Reply
Matt Cooper

Co-CEO @ Crowdcube | B Corp | Capital Raising | Investing

1mo
Tom Leigh

Development Associate

1mo

Matt Cooper, It was not long ago that we were sitting around a picnic table at Mondo HQ; Tom was laying out his lofty goals for the Hot Coral card and the future of banking. Now $1.2bn revenue and the prospect of profit at scale its fair to say he called it! Fantastic execution from Team Monzo. Hopefully, they IPO and execute the ultimate 'crowd round.',

Dr. Chris Donegan

In order to attain the impossible, one must attempt the absurd.

1mo

$1.5bn raised to date. The $5.2bn valuation reflects an incomprehensible multiple and I imagine is further complicated by liquidation preferences. Quite why this news means that the “neobank scene is thriving” is a mystery to me. All credit to Passion Capital whose tenacity is to be admired.

Hugo Wirdenius

Business Development @ Northe ⚡️ | The Platform For EV Charging

1mo

Any big tickets coming in from private investors during this community fundraise pre-money?

Amit Puri

Minimise currency risk and loss with 3 clicks | Use modern FX hedging technology with fair pricing and unrivalled flexibility

1mo

"Investors who participated in the 2016 round came in at a pre money valuation of £23.6m" - nice!

Like
Reply
Guy Hayler

Co-Founder / CCO - Blue Earth

1mo

👀

Simon Hewitt

Co-founder, CEO & Client Partner @ OPC | Ex M&C Saatchi, AMV BBDO, Leo Burnett, Engine, BBC | Advertising, Marketing, Brand Building, Communications | IPA member

1mo

Chuffed to be a part of the 2016 (and 18) cohort…

Stepan Tanasiychuk

Founder & CEO at Stfalcon | Custom Mobile & Web App Development Services | Stfalcon Named Among Clutch’s Top 1000 Global Service Providers

2w

Matt Cooper, impressive growth for Monzo! Excited for their European expansion?

Like
Reply
See more comments

To view or add a comment, sign in

Explore topics