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)
43 (est)+31%
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 Metrics

Summary Metrics

Founding Date

2013

Total Funding

$16 m

Latest funding size

$10 m

Time since last funding

4 months

Investors

Monese's latest funding round in January 2017 was reported to be $10 m. In total, Monese has raised $16 m

Monese Financial Metrics

Revenue (2015)

£2.2 m

Revenue growth (2014-15), %

5%

Gross profit

£964.5 k

Gross profit margin (2015), %

43%
Monese's revenue was reported to be £2.2 m in FY, 2015 which is a 4.7% increase from the previous period.
FY, 2013FY, 2014FY, 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

Gross profit Margin, %

61%42%43%

Operating expense total

£859.7 k£732.3 k£862.1 k

Monese Online Presence

Monese News

Monese Company Life

You may also be interested in