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Monzo - The bank of the future

AI Renamer

•10yr ago

Instant notifications. Built-in budgeting. Free payments abroad.

This isn’t banking as you know it. Monzo is a bank for everyone, built together with our community.

Join the revolution today.

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Best

Finally a bank that innovates. This industry has been stagnant for way too long. So glad to see Mondo taking the lead here. A friend of mine has been testing this out and absolutely loves it, both for the convenience and the change in his habits as a result. Plus I'm a sucker for a sweet UI and that's beautiful 👌 With so many great apps (Anchor, Mondo etc) coming out iPhone first, I'm starting to think I may have to get involved. Plus obligatory cat banking gif:

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10yr ago

SugarCane Cinema - Ep 1 | Introductions + Lagos Housewives Part 1 & 2

@fredrivett the cat gif is awesome! haha

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10yr ago

Alloy Credit Underwriting

@fredrivett they aren't a bank - I don't mean to make a semantic argument but in this case it's a pretty important one. They aren't a bank, they are trying to be a bank. There's no reason not to sign up if you think the product looks cool, but they have a long road ahead (and behind them). It's a monumental undertaking. Props to them for trying.

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10yr ago

@tommyrva Ah, good point. I've not spent much time looking into this, but the premise from what I've seen looks great. Good distinction though 👍

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10yr ago

Monzo

Maker

@tommyrva @fredrivett we expect to get our UK banking licence in the next few months. Customer funds are currently held with Wirecard, a German bank.

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10yr ago

Splittable

Have been using Mondo for about 2 months now as an Alpha user. As it is essentially "just" a prepaid MasterCard with an (excellent) app on the top, its a fantastic tool for managing day to day spending. I have a weekly budget for everyday expenses, like food and groceries, going out, etc. Every Sunday night, I put my budget for that week onto my Mondo card and it is then super easy to keep track of it and stay on top of my spending. The app is constantly evolving and the APIs are quite mature - I've built an Apple Watch app which gives me my balance, weekly and monthly spend as a complication. Only took an hour from never seeing the API before to getting it done. Hoping for direct debit support so I can pay my bills direct from Mondo to keep on top of them. I've also ordered a Curve card so I'm intrigued to see whether an entirely seperate account versus a smarter app on top of my existing accounts is the better way to go.

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10yr ago

How is this different than Simple.com ? How is this better?

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10yr ago

@theleovogel Also moven.com!

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10yr ago

Mondo recently crowdfunded part of there latest investment stage - £1 million was pledged to them in 96 seconds. This bank is clearly going somewhere, I can't wait to get my card and start playing around with the API it uses!

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10yr ago

Digsby

Sign up quick if you want in - I currently have 35k people in front of me in the beta queue. They say they'll be admitting about 1k a week so I'm about 8 months out at least!

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10yr ago

Future Posties

Been using Mondo for a while now - nice simple UI that works really well. The thing that has really impressed me is how quickly they respond to real questions through the in-app chat screen. For example, I couldn't remember the PIN for my mondo card the other week... I chatted them and they responded in < 5 mins. This is where I think it is pretty revolutionary, as getting a new PIN with my other banks would involve a long phone call then a 3-5 day wait for a letter to appear through my door.

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9yr ago