OverviewSuggest Edit

Monese is a company that develops a mobile app enabling users to manage their money online. It combines account opening, money transfer, payments, budgeting, and other related features. In addition, the company provides customers with contactless prepaid debit cards.
TypePrivate
Founded2015
HQLondon, GB
Websitemonese.com

Latest Updates

Employees (est.) (Jul 2021)248(+3%)
Revenue (FY, 2019)£10.3 M(+88%)
Cybersecurity ratingAMore

Key People/Management at Monese

Norris Koppel

Norris Koppel

Founder & CEO
Jonas Kiiver

Jonas Kiiver

Chief Technology Officer
Atul Choudrie

Atul Choudrie

Chief Commercial Officer & Managing Director Banking
Paul Aylieff

Paul Aylieff

Chief Financial Officer & Chief Operating Officer
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Monese Office Locations

Monese has offices in London, Tallinn, Berlin and Lisbon
London, GB (HQ)
1 King St
Show all (4)

Monese Financials and Metrics

Summary Metrics

Founding Date

2015

Monese total Funding

$81 m

Monese latest funding size

$3.17 m

Time since last funding

2 years ago

Monese investors

Monese's latest funding round in June 2019 was reported to be $3.2 m. In total, Monese has raised $81 m
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Monese Revenue

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Monese's revenue was reported to be £10.27 m in FY, 2019 which is a 87.3% increase from the previous period.
GBP

Revenue (FY, 2019)

10.3m

Revenue growth (FY, 2018 - FY, 2019), %

87.3%

Gross profit (FY, 2019)

(3.7m)

Gross profit margin (FY, 2019), %

(36.5%)

Net income (FY, 2019)

37.5m

EBIT (FY, 2019)

(38.1m)

Cash (31-Dec-2019)

5.2m
GBPFY, 2017FY, 2018FY, 2019

Revenue

1.7m5.5m10.3m

Revenue growth, %

380%230%87%

Cost of goods sold

3.6m6.6m14.0m

Gross profit

(1.9m)(1.2m)(3.7m)
GBPFY, 2017FY, 2018FY, 2019

Cash

1.3m19.0m5.2m

Prepaid Expenses

315.1k335.9k1.5m

Inventories

792.6k

Current Assets

1.9m20.0m8.5m
GBPFY, 2017FY, 2017FY, 2019

Net Income

(7.1m)(12.5m)(37.5m)

Depreciation and Amortization

89.4k144.8k472.3k

Inventories

(792.6k)

Accounts Payable

594.0k1.2m4.7m
GBPFY, 2017

Revenue/Employee

31.2k

Financial Leverage

5.3 x
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Monese Operating Metrics

Monese's Users was reported to be 2 m in Jun, 2021.
Jan, 2018Mar, 2021Jun, 2021

Users

270 k2 m2 m

Countries

20

Product Categories

55

Trademark Applications (US)

44
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Monese Revenue Breakdown

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Monese revenue breakdown by geographic segment: 78.6% from United Kingdom and 21.4% from Rest of Europe

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Monese Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Monese Online and Social Media Presence

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Monese News and Updates

Monese and Mastercard forge European partnership

Today, Mastercard and Monese, the European banking service provider, announced a new multi-year strategic partnership to further enhance local banking services for the underserved across Europe, with Monese becoming a principal Mastercard issuer.

Monese signs for Thought Machine's core banking package, Vault

Monese, the popular pan-European banking service that provides instant and localised mobile money accounts in 31 countries, today announces it will adopt Thought Machine’s cloud native core banking platform Vault.

Monese partners with Paysafe to bridge the gap between cash and digital banking

Monese, the banking service that gives people the financial freedom to thrive anywhere, has partnered with leading specialised payments platform, Paysafe, to provide its customers with access to cash

Monese weighs job cuts, lowers funding ambitions - reports

Mobile banking startup Monese is set to make staffing cuts and lower its ambitions for a funding rou...

Monese signs up two million customers

Monese, the banking service that gives people the financial freedom to thrive anywhere, has today an...

Monese opens joint accounts

Monese, the leading banking service that gives people the financial freedom to thrive anywhere, toda...
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Monese Frequently Asked Questions

  • When was Monese founded?

    Monese was founded in 2015.

  • Who are Monese key executives?

    Monese's key executives are Norris Koppel, Jonas Kiiver and Atul Choudrie.

  • How many employees does Monese have?

    Monese has 248 employees.

  • What is Monese revenue?

    Latest Monese annual revenue is £10.3 m.

  • What is Monese revenue per employee?

    Latest Monese revenue per employee is £41.4 k.

  • Who are Monese competitors?

    Competitors of Monese include Moven, Qonto and N26.

  • Where is Monese headquarters?

    Monese headquarters is located at 1 King St, London.

  • Where are Monese offices?

    Monese has offices in London, Tallinn, Berlin and Lisbon.

  • How many offices does Monese have?

    Monese has 4 offices.