Monzo, every mention
98 scenes, the whole family · ← back to Monzo
tap a year for its mentions
every year anyone Harry Stebbings 100Tom Blomfield 49TS Anil 39Fernando Fanton 13Mike Hudack 12Miles Grimshaw 9Val Scholz 2Tom Hulme 1Taavet Hinrikus 1Nilan Peiris 1
Verbatim, from the transcripts: the passages where Monzo comes up
How to Build Your Own Data Center & Why Every Startup Should Do It
- ▶ 31:40 Harry Stebbings That the best talent just wants to go there, and talent follows talent, and you're seeing the fucking founder of Monzo, a multi-billion dollar bank in the UK go there from YC as a partner, Matt Clifford, you know, the founder of EF, which…
Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
- ▶ 4:16 Alan Chang Um, there was Revolut, Monzo, and N-twenty-six.
- ▶ 13:56 Harry Stebbings But when you look there, I think your product diversification was enabled by your not having the banking license earlier when Monzo did.
Index Ventures Partner, Martin Mignot: Figma, Scale, Wiz: Inside Index’s Decacorn Factory · 20VC with Harry Stebbings
- ▶ 56:37 Martin Mignot And so I had met, you know, I looked at Simple, uh, had met Monzo as well, actually, and, and I, I, I was looking for a trigger
20Product: Should We Kill the PM Role Entirely | How Does Product Design Change Most in a World of AI | How Do Monzo Build Product Today: What Works, What Does Not | Why Most Product Sucks and What Makes Truly Great Product
- ▶ 0:16 Harry Stebbings He's held role of CPO at both Monzo and Just Eat, two of the biggest from Europe.
- ▶ 10:43 Harry Stebbings A lot of CEOs, like your TS at Monzo, not crazy. 3 times in the scene
- ▶ 20:34 Fernando Fanton Well, Monzo is definitely a great design. 5 times in the scene
- ▶ 23:55 Harry Stebbings A Monzo, or even a Rappi versus a Monzo, as you said, trust at the center with Monzo versus a Rappi, not so much at the center, is it? 3 times in the scene
- ▶ 31:15 Fernando Fanton In the case of Monzo was when we did this one cent, you know, campaign at the end of the year, which is, you know, if you enroll, um, you have one cent the first day, two cents the second day, three cents the third day, and it's 600 pounds… 3 times in the scene
- ▶ 36:37 Fernando Fanton I think what Revlox has done, and what Monzo have done, are both .111% on the success. 3 times in the scene
- ▶ 39:57 Harry Stebbings What was the product flop from Monzo and what did you learn? 5 times in the scene
- ▶ 42:24 Harry Stebbings Can you imagine if I said to you, hey, there's gonna be some externality, and for your Monzo product, it's gonna get way better, and it's got nothing to do with you.
- ▶ 50:21 Fernando Fanton Whatever, you know, you obsess about your company, I obsess about, you know, Rappi, Monzo, Property Finder, I think about it all the time, but 2 times in the scene
Robinhood Founder & CEO, Vlad Tenev: Robinhood’s $85BN Resurgence & Tokenizing SpaceX & OpenAI · 20VC with Harry Stebbings
- ▶ 39:58 Harry Stebbings When you look at Monzo, it was actually just, like, the current account was a hard one to get first, but the current account was the core. 5 times in the scene
Larry Aschebrook, Founder & MP @GSquared: How We Lost Money on Uber and Made Millions on Lyft · 20VC with Harry Stebbings
- ▶ 1:18:15 Larry Aschebrook You know, the, the, the high flyers, you have, um, companies like Fanatics, Wiz, um, Databricks, um, uh, Turo, the Airbnb of cars, um, like Monzo, companies like that, where there's, you've already decided those are your core positions,…
20VC: The Science of Storytelling: Three Steps to Master the Perfect Story | From Near Death Experience to Unicorn Startup: The Untold Story of Omaze with Matt Pohlson
- ▶ 58:58 Harry Stebbings You know, one of the best things about, you know, the startup team 10 years ago, well, 1213 years ago was Revolut, Monzo, Transferwise.
Plural Partner, Taavet Hinrikus: Why Founders Will Realise Multi-Stage Funds Damage Seed Rounds · 20VC with Harry Stebbings
- ▶ 1:00:44 Taavet Hinrikus Uh, Monzo has been great.
Tom Hulme & Stan Boland: Lessons from Jensen Huang & How to Fix the UK Tech Ecosystem · 20VC with Harry Stebbings
Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
- ▶ 21:54 Harry Stebbings Thinking of the flywheel, I'm at the beginning of the flywheel, and what concerns me most is 10 years ago or 15 years ago, whatever it was, but when TransferWise and Monza and Revolut all started, it was a great place to start a fintech… 2 times in the scene
Solly Solomou, Founder & CEO @ LADbible Group: From Penniless Shop Offices to Public Company | E1259 · 20VC with Harry Stebbings
- ▶ 1:00:16 Harry Stebbings 10 years ago, I remember when I started, and it was like, transfer-wise, it was Monzo, it was Revolut, and actually there was a series of kind of financial regulatory, not loopholes, but freedoms, that meant that London was a great place…
TS Anil, CEO @Monzo: From Layoffs, Downrounds and Low Employee NPS, To $1BN in Revenue | E1254 · 20VC with Harry Stebbings
- ▶ 0:00 Harry Stebbings What does that look like in terms of how Monzo fundamentally makes money?
- ▶ 0:09 TS Anil When customers take out an unsecured borrowing product from us, loan or an overdraft or Monzo flex.
- ▶ 2:01 TS Anil So it wasn't an accident that I ended up in the conversation with Monzo in the first place. 2 times in the scene
- ▶ 6:31 Harry Stebbings Mission is so cool to Monzo in many ways. 6 times in the scene
- ▶ 11:11 TS Anil Even if they've not, if it's not a Monzo mortgage, they've taken it from somewhere else in the app, leveraging our technology, a customer can actually track their mortgage. 2 times in the scene
- ▶ 13:40 TS Anil In saying, talking to you about our mission and what, what Monzo really is good at, what we stand for, and what we invest in every day, what we have built on the back of that is a business where, of course, as I said, that's the largest UK… 2 times in the scene
- ▶ 14:18 TS Anil The engagement level that I said mean that the propensity to buy every new product from Monzo is off the charts. 5 times in the scene
- ▶ 16:36 Harry Stebbings So when we break down your one 45 on the retail side, what does that look like in terms of how Monzo fundamentally makes money? 3 times in the scene
- ▶ 16:57 TS Anil A third is on-balance-sheet lending, when customers take out an unsecured borrowing product from us, loan, or an overdraft, or Monzo Flex.
- ▶ 24:04 TS Anil So, I mean, we would have this debate, I remember, we would, we would, you know, in the way, way back, we were launching, um, a new fee that we were going to charge customers for something, and we were, of course, doing it the man's away,…
- ▶ 26:01 Harry Stebbings So, how big can Monzo get in the UK? 2 times in the scene
- ▶ 32:07 TS Anil Engagement is how much do you use Monzo, right? 8 times in the scene
- ▶ 32:45 TS Anil When we launched our investments product, I literally did one press interview, and by that evening, we had a 150,000 customers add themselves to the waiting list for the Monzo investments product. 2 times in the scene
- ▶ 35:26 TS Anil We're 500 years late to banking. 6 times in the scene
- ▶ 40:10 TS Anil So as I was building relationships with the Monzo team, the investors, right? 2 times in the scene
- ▶ 44:56 TS Anil She's the reason I'm here at Monzo, actually.
- ▶ 45:12 TS Anil So the journey of people disbelieving in the early days of Monzo was, oh, this company's never going to make it, right? 3 times in the scene
- ▶ 46:16 Harry Stebbings What's the hardest element of being CEO of Monzo?
- ▶ 47:44 TS Anil Well, the honest answer to that is Monzo. 2 times in the scene
- ▶ 48:40 Harry Stebbings What do you know now that you wish you'd known when you joined Monzo?
- ▶ 52:00 Harry Stebbings Monzo is always kind of characterized as a, a, a nice culture, like a, but like a work-life balance culture. 3 times in the scene
- ▶ 54:03 TS Anil Around me, right, to tell you what's changed, um, yeah, a lot feel like, feels to me like it has not changed, right, in that the size of my ambition for what we think Monzo will be has not changed.
Hussein Kanji, Founder @Hoxton Ventures: Why AI Means London Can Compete with the US | E1248 · 20VC with Harry Stebbings
- ▶ 53:20 Hussein Kanji Today, and that was probably the only thing we were really strong at, and then the government, like, lowered the regulation in, in, in finance, and so we were really good at building, like, fintech companies here, Monzo, Revolut, exactly.
Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
- ▶ 10:06 Harry Stebbings Can I ask you, though, if you have that status much earlier, and you are, say, at Monzo, where you did decide to get it earlier, it inhibits your ability to execute on product in such a fast way, because you are bluntly encumbered by…
- ▶ 17:23 Harry Stebbings Do you think Monzer did? 5 times in the scene
Vlad Tenev, Co-Founder & CEO @Robinhood: The GameStop Saga & The Future of AI | E1222 · 20VC with Harry Stebbings
- ▶ 33:32 Harry Stebbings No one's cracked U.S.
Jeff Wang: Sequoia Capital's $9BN Global Equities Fund on The Future for NVIDIA, Google & Meta|E1212 · 20VC with Harry Stebbings
- ▶ 57:06 Harry Stebbings I mean, that is, you know, Revolut tried, Monzo tried, different products completely, but that is a very hard expansion.
Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
- ▶ 42:52 Harry Stebbings When you think about the move to Monzo, before we touch on Sling, what product lessons from Deliveroo were transferable, and what weren't? 7 times in the scene
- ▶ 47:31 Mike Hudack Monzo is a bank. 6 times in the scene
- ▶ 48:59 Mike Hudack So like Monzo Flex, for example, is a lending product.
- ▶ 50:42 Harry Stebbings What was the best thing you shipped at Monzo?
- ▶ 50:44 Mike Hudack I mean, I really love Flex.
- ▶ 57:36 Mike Hudack You know, with Monzo, you're not building a, uh, uh, an extractive bank.
- ▶ 1:07:32 Mike Hudack I continue to be very impressed by Monzo's execution and Monzo's strategy. 3 times in the scene
Nilan Peiris: What Growth Hacks Worked and What Did Not, from Wise CPO | E1182 · 20VC with Harry Stebbings
- ▶ 37:40 Nilan Peiris I think, like, lots of the neobanks, when you look at Monzo, you look at Chime, they find a, a hack that really drives adoption.
- ▶ 39:29 Harry Stebbings Most Monzo users are also Revolut users.
Val Scholz: How Revolut Acquired Their First 10M Users: Tips, Tactics & Strategies | E1168 · 20VC with Harry Stebbings
- ▶ 0:04 Val Scholz So if you think about Revolut against Monzo, right, like the markets we grew the fastest wasn't the UK.
- ▶ 45:23 Harry Stebbings You know, I remember Tom at Monzo being on the show and he was like, the big thing that everyone said was, ha, but you'll never be able to be the primary bank account. 3 times in the scene
- ▶ 51:49 Harry Stebbings Do you think Revolut was a better product than Monzo? 2 times in the scene
- ▶ 55:23 Val Scholz So if you think about Revolut, um, against Monzo, right?
Tom Blomfield: Do the Best All Raise Pre-Demo Day & YC's Fundraising Advice to Startups | E 1152 · 20VC with Harry Stebbings
- ▶ 3:20 Tom Blomfield I mean, I wouldn't have started Monzo without it, for sure, and now I'm back at YC.
- ▶ 5:19 Tom Blomfield Um, it was really dispiriting, just saying the same thing over and over again, about how I believed this bank was going to be valuable, how we're going to make money, how people are going to deposit their salaries, and people just not… 6 times in the scene
- ▶ 8:25 Tom Blomfield You know, we got so many, the, like, the herd mentality at the start of Monzo said, um, you can never get anyone to switch bank accounts. 4 times in the scene
- ▶ 10:04 Harry Stebbings But moving swiftly on, I, I do want to talk first about the move, because obviously we mentioned there the, the challenge raising money in the early days for Monzo in London, and you've recently moved, obviously, to San Francisco. 3 times in the scene
- ▶ 14:28 Tom Blomfield So when I was studying Monzo, um, 2 times in the scene
- ▶ 16:21 Tom Blomfield We didn't, of all of the money Monzo has spent so far, probably only three, two or three percent of that was spent on the US, and it didn't get very much management attention. 4 times in the scene
- ▶ 30:50 Tom Blomfield And for Monzo it was, we're building a bank for a billion people around the world.
- ▶ 43:51 Tom Blomfield I, I was really annoyed, actually, back in, like, 20, when I was starting GoCardless and, and Monzo, I was so annoyed that I wasn't around for the dawn of the internet, you know, like, 95 to 2001. 2 times in the scene
- ▶ 53:43 Tom Blomfield Particularly with, I mean, I'm so proud of Monzo. 2 times in the scene
- ▶ 55:07 Harry Stebbings I'm like, the reason why Monzo and GoCardless were successful was because you didn't have balance, and nothing great is created, actually, with balance. 5 times in the scene
- ▶ 57:26 Tom Blomfield I couldn't imagine myself and the company not being the same thing. 3 times in the scene
- ▶ 59:44 Harry Stebbings What, in Monzo?
- ▶ 1:02:02 Tom Blomfield And to their credit, the Monzo board have said, we're not working with you.
- ▶ 1:02:41 Tom Blomfield She would, um, when we lost a chief product officer, sorry, chief people officer, she came and did an exec job at Monzo effectively for like four days a week for six months. 2 times in the scene
- ▶ 1:06:16 Tom Blomfield It drove me to do Monzo, and drove me to stay at Monzo for a long time after I was happy, and in the years since, it's kind of gone away. 2 times in the scene
- ▶ 1:06:32 Tom Blomfield I don't feel like I have to create another, I felt compelled to create Monzo.
Christian Hecker & Johan Brenner: The Biggest Fundraising Lessons Having Raised $1.3BN | E1116 · 20VC with Harry Stebbings
- ▶ 23:25 Harry Stebbings You know, when we think about, say, like, your Revolut or your Monzo, who I know very well, that big thing, or that kind of core unlock is we want it to be your primary banking account.
Miles Grimshaw: The 5 Pillars of Venture Capital & Why Co-Pilot is an Incumbent Strategy | E1061 · 20VC with Harry Stebbings
- ▶ 33:30 Miles Grimshaw Um, if you think about the journey after investing, you know, if I take something like BenchSling, which I've worked with now for seven years, eight years, or Lattice, um, um, or Monzo, the like, I'll probably do many hundreds of…
- ▶ 43:35 Harry Stebbings Um, but Benchling, Lattice, Monzo, there's many more. 3 times in the scene
- ▶ 44:40 Miles Grimshaw Monzo is the exact opposite in many ways in that is banking. 8 times in the scene
20VC: Why Bundling Does Not Work, How The Best Founders Analyse Unit Economics, Why The Way We Approach Mental Health in Venture and Startups is Wrong with Nigel Morris, Co-Founder & Managing Partner @ QED Investors
- ▶ 36:55 Nigel Morris You know, uh, Monzo started with a checking account and a debit card.
20VC: Why The Unbundling of Fintech Will Continue, How VCs Are Propping Up The Neo-Banking Industry & Why We Need A New Framework To Value Businesses Today with Clay Wilkes, Founder & CEO @ Galileo
- ▶ 0:00 Harry Stebbings Welcome back to the 20 Minute VC with me, Harry Stebbings, at hstebbings.com, with two B's on Instagram, and if you haven't heard our episode with Chamath at Social Capital from Monday, then that really is a must, but to our show today,…
- ▶ 6:55 Harry Stebbings Speaking of kind of bringing about the change there, especially with Galileo, it's seen the rise of neobanks, and I always have the thought with neobanks that they own the nucleus being kind of the consumer current account, and that then…
20VC: Index Ventures Partner, Mark Goldberg on The Questions Founders Must Ask A Multi-Stage Fund Before Taking Their Money At Seed, Why Most Angels Will Lose Their Money & Why We Will See Our First $100Bn Neo-Bank Shortly
- ▶ 26:08 Harry Stebbings We've seen the rise of Monzo and Revolut largely dominating in terms of the UK for sure and large parts of Europe.
20VC: Why You Must Have A Customer Acquisition Strategy From Day 1, How To Test and Validate Ideas At Speed & Why You Should Speak To Investors Before Starting Work On Your Idea with Kulveer Taggar, Founder @ CEO @ Zeus Living
- ▶ 0:44 Harry Stebbings They ultimately sold the company for five million dollars, and before that, Cool co-founded Bosco alongside former 20 VC guest Monzo's Tom Blomfield.
20VC: Monzo's Tom Blomfield on The 3 Phases of Startup Scaling, The Secret To Building a 1.2m Community with No Advertising & How To Use Boards As A Tool To Instil Operational Excellence
- ▶ 0:29 Harry Stebbings Founder and CEO at Monzo. 4 times in the scene
- ▶ 3:10 Harry Stebbings But that's quite enough from me, so I'm now very, very excited to hand over to Tom Blomfield, founder and CEO at Monzo.
- ▶ 3:40 Harry Stebbings So how did you make your way into the world of startups, and then really come to change the way we think about banking with Monzo? 5 times in the scene
- ▶ 6:45 Tom Blomfield It's striking how different Monzo is.
- ▶ 9:01 Tom Blomfield Two or 300 users, and they were using it because we'd hassled them into using it, and if you'd have asked them, you know, how would you feel if we took this product away next month, they'd have probably said, Matt, Tom's hassled me into… 2 times in the scene
- ▶ 12:12 Harry Stebbings Speaking of the product that people love there, Monzo's done incredibly well at Caniver. 3 times in the scene
- ▶ 16:47 Tom Blomfield One thing that is obvious is that every single person in the world needs a bank account, and then probably a dozen different financial services around the bank account, and so the market is indescribably huge, and our brand awareness at… 4 times in the scene
- ▶ 17:37 Harry Stebbings I mean, there's an interesting one you said there about kind of the brand awareness, so to speak, of Monzo currently. 6 times in the scene
- ▶ 20:41 Tom Blomfield It really, as I said, I came into Monzo really not believing in brand at all, or design. 4 times in the scene
- ▶ 22:17 Tom Blomfield It's certainly true that in the early days of Monzo, a lot of people sacrificed a huge amount in terms of just time and emotional energy and getting this thing off the ground.
- ▶ 26:23 Tom Blomfield Our parrot, Mickey Malko, who's one of my favorite investors, um, who's not an investor in Monzo, um, I was speaking to him earlier today on this very subject. 2 times in the scene
- ▶ 30:41 Tom Blomfield The primary example with Monzo is the value of brand and mission and values and the way human beings genuinely make decisions. 4 times in the scene
20VC: Why Raising A First Time Fund Is Like Raising A Seed Round, Why We Need New and Different Fund Models & Why Longevity Is The Most Rewarding Place To Invest with Laura Deming, Founding Partner @ The Longevity Fund
- ▶ 30:06 Harry Stebbings As always, I so appreciate all your support, and I cannot wait to bring you an exceptional episode with Tom Blomfield, founder and CEO at Monzo on Friday.