Update on your Monzo shares: investor FAQ

As part of our Series G fundraising extension, we have raised approximately £60m in new investment.

You don’t need to do anything. Your shares are worth £7.7145 each – the same price as during our December 2018 crowdfunding round and our Series G round in June 2020.

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 from new and existing investors. Although we’ve continued to raise funding, it’s now in a very 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 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 is worth 15 times its original value
• if you invested in our crowdfunding round in April 2017, each share is worth 7 times its original value
• if you invested in our crowdfunding round in November 2017, each share is worth 3 times its original value
• if you invested in our crowdfunding round in December 2018, each share is worth the same as it was then: £7.7145

How much did you raise?

We’ve raised around £60 million from new and existing investors, which is a big achievement given the current economic situation, and speaks volumes of investors’ confidence in the company.

Why have my shares been diluted?

As with all previous fundraising rounds, any time that we receive new investment and issue more shares, your shareholding in the company will be diluted. In this instance, we’ve issued new G shares to new and existing investors in exchange for their new funding.

Why are you raising more money?

Fundraising is normal for all ambitious private businesses, especially when you’re growing as fast as we are! Our investors were keen to invest so it made sense to do another fundraise at this time.