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. As 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)
65 (est)+2%
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

9 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
GBPFY, 2015

Cash

157.8 k

Current Assets

212.8 k

PP&E

15.5 k

Goodwill

127.4 k
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
Show all financial metrics

Traffic Overview of Monese

Monese Online and Social Media Presence

Monese News and Updates

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

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…

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…

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…

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

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…

Monese Company Life and Culture

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