Monese is a digital banking option that provides mobile-only, multi-currency accounts in countries across the European Economic Area.
Monese is a digital banking alternative that provides mobile-only, multi-currency accounts in 31 countries across the European Economic Area, for those who are underserved by the traditional banking system. It was launched in 2015 by Norris Koppel, after his first-hand experience of the hassle involved with opening a bank account in a new country.
With a fully-featured and fully localized banking experience (both its apps and its customer service are available in 14 languages), Monese allows people and businesses to spend and save like locals across Europe. Its proprietary “Know Your Customer” technology can validate a customer’s identity in real-time, allowing accounts to be opened in a matter of minutes, from a mobile app.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Sep 19, 2022 | Series Unknown | $35M | 1 | HSBC Ventures | — | Detail |
Sep 20, 2021 | Series C | $90M | 2 | Investec | — | Detail |
Apr 19, 2021 | Non-Equity Assistant | — | 1 | Future Fifty | — | Detail |
Jun 13, 2019 | Series Unknown | £2.50M | 1 | Augmentum Fintech | — | Detail |
Sep 6, 2018 | Series B | $60M | 8 | Kinnevik | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
HSBC Ventures | Yes | Series Unknown |
Investec | Yes | Series C |
Future Fifty | Yes | Non-Equity Assistant |
Augmentum Fintech | Yes | Series Unknown |
Kinnevik | Yes | Series B |
YYX Capital | Yes | Series A |
Spring Capital | Yes | Seed |
Phil Boddy | — | Series C |
Avios Group | — | Series B |
International Airlines Group (IAG) | — | Series B |