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
Employee Ratings3.6

Latest Updates

Employees (est.) (Apr 2022)274(+5%)
Job Openings27
Revenue (FY, 2019)£10.3 M(+88%)
Cybersecurity ratingAMore
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Key People/Management at Monese

Norris Koppel

Norris Koppel

Founder & CEO
Jonas Kiiver

Jonas Kiiver

Chief Technology Officer, General Manager, Estonia
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 and Tallinn
London, GB (HQ)
1 King St
Show all (2)

Monese Financials and Metrics

Summary Metrics

Founding Date

2015

Monese total Funding

$171 m

Monese latest funding size

$90 m

Time since last funding

8 months ago

Monese investors

Monese's latest funding round in September 2021 was reported to be $90 m. In total, Monese has raised $171 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: 21.4% from Rest of Europe and 78.6% from United Kingdom

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Monese Cybersecurity Score

Cybersecurity ratingPremium dataset

A

100/100

SecurityScorecard logo

Monese Online and Social Media Presence

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Monese News and Updates

Monese appoints Alistair Bennett as chief product officer

Monese, the leading pan-European fintech, today announces the appointment of Alistair Bennett to Chief Product Officer.

Monese debuts credit builder functionality

Monese, the leading pan-European fintech, is expanding its offering with the launch of a new Credit Builder service for its customers in the UK.

Monese acquires freelance service provider Trezeo

UK, London – 20 December 2021 – Monese, the leading pan-European fintech, today announces the acquisition of Trezeo, an FCA authorised financial services provider serving independent and self-employed workers, for an undisclosed amount.

Monese makes new hires following move into BaaS

Monese, the leading pan-European fintech, today announces the appointment of Atul Choudrie to Managing Director of Monese’s BaaS business, Steve Tryner to CFO and Stephen Chang to VP Operations at Monese. These appointments bring considerable leadership experience to Monese’s BaaS platform and furth…

Monese moves into banking-as-a-service space

Mobile banking startup Monese is to move into the banking-as-a-service space on a new funding round from Investec, who will adopt the BaaS platform to deliver its digital current account offering in the UK

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.
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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 290 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 £35.4 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 and Tallinn.

  • How many offices does Monese have?

    Monese has 2 offices.