monzo

ABOUT Founded in 2015, Monzo is a UK-based banking app that allows users to spend, save, and manage their money all in one place. It operates a mobile app and provides users prepaid debit cards. Monzo claims to have over 4.81 million users. In June this year, the fintech company closed £60 million (US$80 million) in a series G funding round from Y Combinator, General Catalyst, Accel, and Stripe, among others, at a £1.25 billion (US$1.67 billion) valuation. One month later, the company reported US$149.5 million in annual post-tax loss in its 2020 accounts, up from the £47.1 million (US$63 million) it lost last year. The company used this deck to close its series C funding. Fundraising journey 2015: US$3.12 million series A funding from an undisclosed investor 2016: US$7.2 million series B round from Passion Capital Feb 2017: US$24.3 million series C round from Thrive Capital, Passion Capital, and Orange Digital Ventures Nov 2017: US$92.3 million series D round led by Goodwater Capital, with the participation of Passion Capital, Thrive Capital, Orange Digital Ventures, Stripe, and Michael Moritz 2018: US$110.5 million series E round led by General Catalyst and Accel, followed by existing investors Passion Capital, Goodwater Capital, Thrive Capital, Orange Digital Ventures, and Stripe 2019: US$143.5 million series F funding led by Y Combinator’s Continuity growth fund, followed by Latitude, General Catalyst, Stripe, Passion Capital, Thrive Capital, Goodwater Capital, Accel, and Orange Digital Ventures 2020: US$75.6 million series G funding led by Y Combinator, General Catalyst, Accel, Stripe, Goodwater Capital, Orange Digital Ventures, Thrive Capital, and Passion Capital. Reference Capital and Vanderbilt University joined as new investors. How is the deck compelling? The deck begins with Monzo’s mission statement before going through the problems that the company aims to solve. It shows the background of why Monzo started its service and what it wants to offer. It gives a glimpse of the technology that it is using: machine learning and in-house software. To gain more trust from their investors-to-be, Monzo also showed their banking license. It indicates how Monzo planned to make money and what they would use the funding for.

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About Monzo

Monzo is a prominent player in the fintech industry, delivering state-of-the-art banking solutions since its inception in 2015. With more than 4.81 million satisfied users, Monzo has secured a robust position in the competitive industry, primarily in the UK market. The company's innovative approach to managing money appeals to millions globally, making it a trendsetter in the digital banking realm.

About Monzo's Pitch Deck

The Series C pitch deck from Monzo is a fine specimen of a successful fundraising tool. It included essential elements such as the company's mission, its unique value proposition, and its robust technology infrastructure, majorly focusing on in-house software and machine learning. Furthermore, it emphasized their banking license, underlining their legitimacy and the trust they have received from customers.

Why investors believed in Monzo?

Investors like Thrive Capital, Passion Capital, and Orange Digital Ventures placed their bet on Monzo primarily due to the company's growth potential. The Series C funding round that fetched $24.3 million is reflective of the faith investors have in Monzo's disruptive banking solutions. The pitch deck skilfully highlighted their revenue model and how they planned to utilize the funding. By striking the right chord with its transparency and future plans, Monzo created a strong case for its potential growth, driving investment in its solutions.

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