Monese

OverviewSuggest Edit

Monese is a company that develops a mobile app enabling users to manage their money online. It combines account opening, money transfer, payments, budgeting, and other related features. In addition, the company provides customers with contactless prepaid debit cards.
TypePrivate
Founded2015
HQLondon, GBMap
Websitemonese.com
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Employees (est.) (Apr 2021)247
Revenue (FY, 2019)£10.3 M(+88%)
Cybersecurity ratingAMore

Key People/Management at Monese

Norris Koppel

Norris Koppel

Founder & CEO
Jonas Kiiver

Jonas Kiiver

Chief Technology Officer
Atul Choudrie

Atul Choudrie

Chief Commercial Officer & Managing Director Banking
Paul Aylieff

Paul Aylieff

Chief Financial Officer & Chief Operating Officer
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Monese Office Locations

Monese has offices in London, Tallinn, Berlin and Lisbon
London, GB (HQ)
1 King St
Show all (4)

Monese Financials and Metrics

Summary Metrics

Founding Date

2015

Monese total Funding

$81 m

Monese latest funding size

$3.17 m

Time since last funding

2 years ago

Monese investors

Shakil Khan, PayPal, SmartCap AS, SeedCamp, Korea Investment Partners, Investec, Chris Adelsbach, STE Capital, Anthemis Exponential Ventures, JXC Ventures, Laurent Le Moal, Kinnevik, Augmentum Fintech, Avios Group
Monese's latest funding round in June 2019 was reported to be $3.2 m. In total, Monese has raised $81 m
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Monese Revenue

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Monese's revenue was reported to be £10.27 m in FY, 2019 which is a 87.3% increase from the previous period.
GBP

Revenue (FY, 2019)

10.3m

Revenue growth (FY, 2018 - FY, 2019), %

87.3%

Gross profit (FY, 2019)

(3.7m)

Gross profit margin (FY, 2019), %

(36.5%)

Net income (FY, 2019)

37.5m

EBIT (FY, 2019)

(38.1m)

Cash (31-Dec-2019)

5.2m
GBPFY, 2017FY, 2018FY, 2019

Revenue

1.7m5.5m10.3m

Revenue growth, %

380%230%87%

Cost of goods sold

3.6m6.6m14.0m

Gross profit

(1.9m)(1.2m)(3.7m)
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GBPFY, 2017FY, 2018FY, 2019

Cash

1.3m19.0m5.2m

Prepaid Expenses

315.1k335.9k1.5m

Inventories

792.6k

Current Assets

1.9m20.0m8.5m
show all
GBPFY, 2017FY, 2017FY, 2019

Net Income

(7.1m)(12.5m)(37.5m)

Depreciation and Amortization

89.4k144.8k472.3k

Inventories

(792.6k)

Accounts Payable

594.0k1.2m4.7m
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GBPFY, 2017

Revenue/Employee

31.2k

Financial Leverage

5.3 x
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Monese Operating Metrics

Monese's Users was reported to be 2 m in Mar, 2021.
Jan, 2018Mar, 2021

Users

270 k2 m

Countries

20

Product Categories

5

Trademark Applications (US)

4
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Monese Revenue Breakdown

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Monese revenue breakdown by geographic segment: 78.6% from United Kingdom and 21.4% from Rest of Europe

Human Capital Metrics

Source: uploads5.craft.co, uploads3.craft.co, uploads5.craft.co
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Monese Cybersecurity Score

Cybersecurity ratingPremium dataset

A

98/100

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Monese Online and Social Media Presence

Monese's Trends

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Monese News and Updates

October 19, 2020

Monese and Mastercard forge European partnership

Today, Mastercard and Monese, the European banking service provider, announced a new multi-year strategic partnership to further enhance local banking services for the underserved across Europe, with Monese becoming a principal Mastercard issuer.
October 05, 2020

Monese signs for Thought Machine's core banking package, Vault

Monese, the popular pan-European banking service that provides instant and localised mobile money accounts in 31 countries, today announces it will adopt Thought Machine’s cloud native core banking platform Vault.
July 13, 2020

Monese partners with Paysafe to bridge the gap between cash and digital banking

Monese, the banking service that gives people the financial freedom to thrive anywhere, has partnered with leading specialised payments platform, Paysafe, to provide its customers with access to cash
May 01, 2020

Monese weighs job cuts, lowers funding ambitions - reports

Mobile banking startup Monese is set to make staffing cuts and lower its ambitions for a funding rou...
January 22, 2020

Monese signs up two million customers

Monese, the banking service that gives people the financial freedom to thrive anywhere, has today an...
December 04, 2019

Monese opens joint accounts

Monese, the leading banking service that gives people the financial freedom to thrive anywhere, toda...
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 Monese Frequently Asked Questions

  • When was Monese founded?

    Monese was founded in 2015.

  • Who are Monese key executives?

    Monese's key executives are Norris Koppel, Jonas Kiiver and Atul Choudrie.

  • How many employees does Monese have?

    Monese has 247 employees.

  • What is Monese revenue?

    Latest Monese annual revenue is £10.3 m.

  • What is Monese revenue per employee?

    Latest Monese revenue per employee is £41.6 k.

  • Who are Monese competitors?

    Competitors of Monese include Moven, Qonto and N26.

  • Where is Monese headquarters?

    Monese headquarters is located at 1 King St, London.

  • Where are Monese offices?

    Monese has offices in London, Tallinn, Berlin and Lisbon.

  • How many offices does Monese have?

    Monese has 4 offices.