Company Growth (employees)
Monese was founded in 2013 and is headquartered in London, GB
Monese Office Locations
Monese has an office in London
London, GB (HQ)
Salisbury House Shops 161-162 London Wall
Monese Data and Metrics
Summary Metrics
Founding Date | 2013 |
Total Funding | $17.8 m |
Latest funding size | $10 m |
Time since last funding | 9 months |
Investors | STE Capital, Laurent Le Moal, Shakil Khan, SmartCap AS, JXC Ventures, SeedCamp, Korea Investment Partners, Anthemis Exponential Ventures, Chris Adelsbach |
Monese's latest funding round in January 2017 was reported to be $10 m. In total, Monese has raised $17.8 m
Monese Financial Metrics
Monese's revenue was reported to be £2.2 m in FY, 2015 which is a 5% increase from the previous period.
GBP
Revenue (FY, 2015) | 2.2 m |
Revenue growth (FY, 2014 - FY, 2015), % | 5% |
Gross profit (FY, 2015) | 964.5 k |
Gross profit margin (FY, 2015), % | 43% |
Net income (FY, 2015) | (1.5 m) |
Cash (31-Dec-2015) | 157.8 k |
| GBP | FY, 2013 | FY, 2014 | FY, 2015 |
|---|---|---|---|
Revenue | 1.9 m | 2.1 m | 2.2 m |
Revenue growth, % | 16% | 5% | |
Cost of goods sold | 721.4 k | 1.3 m | 1.3 m |
Gross profit | 1.1 m | 890.5 k | 964.5 k |
| GBP | FY, 2015 |
|---|---|
Cash | 157.8 k |
Current Assets | 212.8 k |
PP&E | 15.5 k |
Goodwill | 127.4 k |
| GBP | FY, 2015 |
|---|---|
Cash From Operating Activities | (816.5 k) |
Cash From Financing Activities | 869.3 k |
| GBP | Y, 2015 |
|---|---|
Revenue/Employee | 146.4 k |
Financial Leverage | -0.3 x |
Market Position of Monese
Traffic Overview of Monese
Monese Online and Social Media Presence
Monese News and Updates
June 27, 2017
Monese, the mobile current account banking app, expands to Europe
You wait all day for a multi-currency account and three come along at once. Give or take a month or so, that’s appears to be the case with news that Monese, the London fintech that offers a mobile banking app and current account, is adding support for Euro accounts. Read More
June 16, 2017
Monese adds Direct Debits to become even more like a regular bank account
Monese, the London-based fintech startup that offers a mobile banking app and current account, continues to fill in missing features that might otherwise stop it from replacing your bank altogether.
The latest is Direct Debit functionality, a mechanism for reoccurring payments, such as those requir…
January 13, 2017
For Banking App Monese, Founded To Serve Migrants, Brexit Has Been Good For Business
The London-based company raised $10 million last week to support its growth in Europe.
The London-based company raised $10 million last week to support its growth in Europe.Serial entrepreneur Norris Koppel, an Estonian by birth, understands all too well the challenges faced by…
January 03, 2017
Digital challenger bank Monese lands $10m
One of the UK's up-and-coming digital challenger banks has landed a new round of funding from investors to expand to Europe. Monese has raised $10m (£8.2m) in series A funding from Anthemis Exponential Ventures, Korea Investment Partners and STE Capital. It follows on from a $1.8m in the summer o…
January 03, 2017
Monese raises $10M Series A for its banking app targeting immigrants and expats
Monese, the London-based fintech startup that offers a mobile banking app for immigrants and expats who might otherwise find it difficult to open a bank account outside of their originating country, has raised $10 million in Series A funding. Read More
July 28, 2016
Monese, the UK banking app for immigrants and expats, finally lands on iOS
For all the hype around fintech, not least in London, Monese is a startup that has pragmatism at its heart. It’s not trying to be an actual bank — in the technical, banking license sense — but does enable immigrants and expats, who might otherwise find it hard to open a bank account outside of thei…