Monese

company

About

Monese is a digital banking option that provides mobile-only, multi-currency accounts in countries across the European Economic Area.

Details

Last Funding Type
Series C
Last Funding Money Raised
$90M
Industries
Banking,Finance,Financial Services,FinTech
Founded date
Oct 7, 2013
Number Of Employee
251 - 500
Operating Status
Active
Legal Name
Monese Ltd.

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
12
$201M €1.12M £2.50M
Monese has raised a total of $201M €1.12M £2.50M in funding over 2 rounds. Their latest funding was raised on Sep 19, 2022 from a Series Unknown round.
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

Investors

Number of Lead Investors
Number of Investors
13
28
Monese is funded by 28 investors. HSBC Ventures and Investec are the most recent investors.
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

Employee Profiles

Number of Employee Profiles
9
Monese has 9 current employee profiles, including Executive Norris Koppel
Executive
Employee
Board member
Board observer
Executive

Acquisition

Monese has acquired 1 organizations. Their most recent acquisition was Trezeo on Dec 20, 2021. They acquired Trezeo for 0.

Date Company Name
Industry Acquisition Type Price
Dec 20, 2021 Trezeo
Employee Benefits acquisition Detail