Re:Startup bank Mondo raised £1m crowdfunding in 96 seconds
by birdman3131 on Friday March 04, 2016 @09:08AM
(#11223743)
Simple had the exact same idea years ago. I think they are still around and doing well although I have not looked at them in a while. (I think last time I looked you needed android or iOS and I am a windows phone user.)
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Re:Startup bank Mondo raised £1m crowdfunding in 96 seconds
by Scottymeuk on Friday March 04, 2016 @09:17AM
(#11223789)
Simple only went so far. They are just a nice interface on top of another bank. Mondo are becoming a full bank themselves.
Re:Startup bank Mondo raised £1m crowdfunding in 96 seconds
by smcl on Friday March 04, 2016 @09:38AM
(#11223947)
Hang on a sec - wasn't Simple's original vision to become a full bank and to start off as a nice interface?
Because Mondo want to become a full bank, but have started off as a nice interface ...
Re:Startup bank Mondo raised £1m crowdfunding in 96 seconds
by penfold27 on Friday March 04, 2016 @10:07AM
(#11224175)
Thats right.
Re:Startup bank Mondo raised £1m crowdfunding in 96 seconds
by izolate on Friday March 04, 2016 @11:08AM
(#11224635)
I spoke to Tom (CEO of Mondo) at HN London about Simple. His take is that Simple failed, and that Mondo are following a different path.
I'm not clued in enough to know the benefit of being a bank vs. building a UI over a willing banking partner's service.