Re:Y Combinator invests in Monzo through its Continuity Fund
by easytiger on Tuesday June 25, 2019 @10:47AM
(#20274740)
> It reported operating loss for 2017, because it stopped losing money on monthly basis only in December 2017.
What are you talking about? That's gibberish. It lost about £15million in 2017
Re:Y Combinator invests in Monzo through its Continuity Fund
by krn on Tuesday June 25, 2019 @11:10AM
(#20275013)
> It lost about £15million in 2017
If a company was losing money for the first 11 months out of 12, that's an expected result.
It reported an operating loss for 2017, because it stopped losing money on monthly basis only in December 2017.