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Where Is The  Monii Money
Where Is The Monii Money
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About Me

Asking Oliver Gleave (Loop Software) where £180,770 Crowdcube investment went when Monii ceased trading 64 days later.

my expertise in the industry

It's a simple question, Where is the Monii money?

In May 2016, Monii Limited raised £180,770 on the crowdsourcing website CrowdCube. Eight weeks later, the company ceased trading. There would have been two months running expenses and possibly some limited redundancy payments. However, this does not explain where this substantial amount of money went.

103 investors in Oliver Gleave’s company are owed an explanation.

One of the investors trusted Oliver Gleave with £20,000 - her life savings. Life is the key word here as this young lady was terminally ill with secondary breast cancer. A fact that Oliver knew. Having no children of her own, she wanted to leave a legacy for her nieces and nephews.

She died in May 2018. It is for her that we want the truth about were the Monii money went.

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Where Is The  Monii Money

From: Where Is The Monii Money 20 October 2020 09:36 AM

Where Is The  Monii Money
Interesting article. Taking the ZPG acquisition of Hometrack, have you considered that ZPG could be lining up to go direct? Other proptech investments by ZPG (Vieweet 360 being one) seems to indicate more consumer based products rather than agent focused. Both MoveIT and uSwitch provide additional consumer data that marries well with Hometrack. Doing some very quick and dirty maths, ZPG only needs around 5% of the UK residential sales market to cover all the revenue lost by no longer being a portal. I've been watching Trussle for a while and I suspect they will have a greater impact on the housing market than all the other proptech gadgets and gizmos put together. I actually think there's already enough products and services for the high street agent to successfully leverage technology for commercial advantage. There's a raft of CRM's, valuation, messaging and marketing options to piece together a coherent and connected property experience. But, the agent is only one pillar of the property process. Finance and legal are the other two. Trussle could be the start of an emerging market that simplifies the financial side of buying and selling. Legal is a bigger challenge as it's an industry stooped in tradition having been pretty much the same for hundreds of years. There's a company called Juro who are using artificial intelligence to create employment contracts. It's not too much of a stretch to see this extended to conveyancing. Digital house contracts created in seconds is a real possibility. Why is this relevant? One of the investors in Juro is also an investor in ZPG! So with a strong property website, CRM technology, price comparison software, self-instructing technology and an interest in AI contracts, ZPG only needs finance to over a complete instruction to completion model with or without estate agents. What's the betting that Alex Chesterman's already got Ishaan Malhi on speed dial...?

From: Where Is The Monii Money 08 February 2017 11:07 AM

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