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.
Type
Private
HQ
London, GB
Founded
2013
Employees
31 (est)+15%
Monese was founded in 2013 and is headquartered in London, GB

Monese Locations

London, GB

Monese Metrics

Monese Summary

Founding Date

2013

Total Funding

$1.8 M

Latest funding size

$1.8 M

Time since last funding

over 1 year

Investors

Monese's latest funding round of $1.8 M was in May 2015. In total, Monese has raised $1.8 M.

Monese Financials

Monese's revenue was £2.25 M in FY, 2015 which is 4.71% increase from the previous period.
FY, 2013FY, 2014FY, 2015

Revenue

£1.85 M£2.14 M£2.25 M

Revenue growth, %

15.9%4.7%

Cost of sales

£721 K£1.25 M£1.28 M

Gross profit

£1.13 M£890 K£964 K

Gross profit Margin, %

61.0%41.5%43.0%

Operating expense total

£860 K£732 K£862 K
26% of current employees of Monese are female and 74% are male.

Monese Online Presence

Monese News

Monese Company Life

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