Great comparision between Monzo and Nubanks US strategies. The biggest diference IMO is that Nu is going straight for a full charter while Monzo is testing with partners first. Nubanks Hispanic market advantage is real, but they might be underestimating how long that charter proccess takes. The OCC isnt handing these out quickly anymore. Meanwhile Monzo can iterate and learn from actual US customers, which feels like the smarter approch even if its slower. The Roberto Campos Neto appointment is brilliant though, that regulatory knowledge could be the differentiator when dealing with US regulators.
Great comparision between Monzo and Nubanks US strategies. The biggest diference IMO is that Nu is going straight for a full charter while Monzo is testing with partners first. Nubanks Hispanic market advantage is real, but they might be underestimating how long that charter proccess takes. The OCC isnt handing these out quickly anymore. Meanwhile Monzo can iterate and learn from actual US customers, which feels like the smarter approch even if its slower. The Roberto Campos Neto appointment is brilliant though, that regulatory knowledge could be the differentiator when dealing with US regulators.
Thank you for sharing my piece Matt!
It was super interesting to read and a unique perspective we don't often hear. The thinking which led to a company's founding is rarely explored.