How Monzo, Revolut, and Starling get to break-even, and comparison with WeChat and Facebook

This week, we look at:

  • The financial model behind Monzo, and comparisons to Revolut and Starling

  • How the Eastern super apps inspired the marketplace model, and why that success is hard for neobanks to replicate

  • Paths from losing $100 million per year to break-even and enabling digital assets and other financial products

  • Facebook Financial forming to take over payments and commerce