Want to create an interactive transcript for this episode?
Podcast: Fintech Insider Podcast by 11:FS
Episode: Ep214 – Monzo: The First Truly Digital Bank
Description:
In this episode
When most banks are bribing people to join with £100 or a Rihanna CD, Monzo is doing the opposite: building a bank customers love, involving them in its development, and being so amazing the network blows up like Facebook. Monzo, the bank that broke Crowdcube, now has more than 100,000 customers. Next milestone: 1 million. Here’s how they’ll do it.
“We’re trying to build the first bank with real network effect. Skype is a great example. The more people you bring onto Skype, the more people you can call,” Tom says. “How did Instagram or...