paper gains: If the new investment goes ahead, Monzo will leapfrog rival Revolut as the UK's second most valuable fintech startup, behind small business lender Oak North, according to The Guardian. The new investment also suggests that the 36,000 small investors who took part in the crowdfunding may already be sitting on significant paper gains, with Monzo's popular community forum buzzing with the news. The challengerbank, which has won 1.2 million customers since launch in 2015, is reportedly close to clinching 100m from a new but unnamed American investor just months after raising 20m in a crowdfunding campaign that involved many of its customers. A user identified as a crowdfunding investor on Monzo's community forum said the shares would probably be worth 12-14 minimum now, if the news of an increased valuation is true . At the time of the crowdfunding, the shares were valued at around 7.70, although the shares are not tradable. Lovely news to wake up to on a lazy Sunday! It also prompted speculation over a near-term stock market flotation for Monzo. Another asked How much are Round One investors smiling today User bretonhill, also tagged as a crowdfunding investor, replied Personally, I can tell you a lot.
(news.financializer.com). As
reported in the news.
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