Monese is an online banking service that aims to provide better banking for individuals and businesses. The firm’s pricing and operating model allow creating an alternative banking experience without fees or time-consuming bureaucracy. Monese was designed to meet the customers’ everyday needs and therefore offers all the modern banking facilities, such as online and mobile banking, cash withdrawals, card payments and international money transfers. Because Monese doesn’t run credit checks and the entire registration process is carried out online, customers can get an account within minutes and can start using the services immediately.
Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2013
Size (employees)
60 (est)+12%
Website
monese.com
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

7 months

Investors

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
GBPFY, 2013FY, 2014FY, 2015

Revenue

1.9 m2.1 m2.2 m

Revenue growth, %

16%5%

Cost of goods sold

721.4 k1.3 m1.3 m

Gross profit

1.1 m890.5 k964.5 k

Gross profit Margin, %

61%42%43%

Operating expense total

859.7 k732.3 k862.1 k

Pre tax profit

(87.5 k)(1.5 m)

Net Income

(87.5 k)(1.5 m)
GBPFY, 2015

Cash

157.8 k

Current Assets

212.8 k

PP&E

15.5 k

Goodwill

127.4 k

Total Assets

355.7 k

Accounts Payable

65.2 k

Current Liabilities

1.6 m

Total Liabilities

1.6 m

Retained Earnings

(1.5 m)

Total Equity

(1.2 m)

Financial Leverage

-0.3 x
GBPFY, 2015

Cash From Operating Activities

(816.5 k)

Cash From Financing Activities

869.3 k
GBPY, 2015

Revenue/Employee

146.4 k

Financial Leverage

-0.3 x

Monese Online and Social Media Presence

Monese News and Updates

Monese Company Life and Culture

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