20VC: Monzo: The Greatest Turnaround in Tech: From £40M Revenues, Layoffs, Downrounds and Low Employee NPS to $1BN in Revenue, Profitable and 10M Customers with TS Anil, CEO @ Monzo

1618.075 - 1636.243 TS Anil

The actual product is not doing what they want it to do. And the monetization is coming from early wage access or some like one piece of it, as opposed to all of the other sort of talk about the business is staggering. So I feel like money chased the wrong things and people sort of built businesses that were sort of CAC fueled businesses in effect. But there's another reason, right?