HelpThe legal stuffUpdate on your Monzo shares: investor FAQ

Update on your Monzo shares: investor FAQ

We’ve closed a new funding round with our existing investors Y Combinator, General Catalyst, Accel, Stripe, Goodwater, Orange, Thrive, Passion Capital and some new investors.

You don’t need to do anything. Your shares are worth £7.7145 each – the same price as during our December 2018 crowdfunding round.

Why are my shares now worth £7.7145 instead of £13.0194 like in the previous round?

The £13.0194 share price was due to a Series F funding round last year when we raised £113 million. Although we’ve closed a new funding round, it’s in a different economic climate. This means each share is now worth £7.7145 – the same price as during our December 2018 crowdfunding round.

The value of shares can fluctuate significantly. Share prices often decrease at times like these. Our shares were priced at £0.51 four years ago when we did our first ever crowdfunding round! Raising this money in the current global economic crisis is a big achievement and means we can keep making money work for everyone.

What does this mean for me?

Each share’s now valued at £7.7145. This means:

  • if you invested in our first crowdfunding round in March 2016, each share’s worth 15 times its original value
  • if you invested in our crowdfunding round in April 2017, each share’s worth 7 times its original value
  • if you invested in our crowdfunding round in November 2017, each share’s worth 3 times its original value
  • if you invested in our crowdfunding round in December 2018, each share’s worth the same as it was then: £7.7145

Which investors are involved in this round and how much did you raise?

We’ve raised £60 million, which is a big achievement. The round involves existing investors Y Combinator, General Catalyst, Accel, Stripe, Goodwater, Orange, Thrive, Passion Capital, and some new investors.

Why are you raising more money?

Fundraising is normal for all ambitious private businesses, especially when you’re growing as fast as we are!

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