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.
London, GB
Size (employees)
81 (est)+4%
Monese was founded in 2013 and is headquartered in London, GB
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Monese Office Locations

Monese has an office in London
London, GB (HQ)
Salisbury House Shops 161-162 London Wall
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Monese Financials and Metrics

Summary Metrics

Founding Date


Total Funding

$17.8 m

Latest funding size

$10 m

Time since last funding

a year ago


Monese's latest funding round in January 2017 was reported to be $10 m. In total, Monese has raised $17.8 m
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Monese Financials

Monese's revenue was reported to be £346.40 k in FY, 2016

Revenue (FY, 2016)

346.4 k

Gross profit (FY, 2016)

(851 k)

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(2.5 m)

EBITDA (FY, 2016)

(2.9 m)

EBIT (FY, 2016)

(2.9 m)

Cash (31-Dec-2016)

8.1 m
GBPFY, 2013FY, 2014FY, 2015FY, 2016


1.9 m2.1 m2.2 m346.4 k

Revenue growth, %


Cost of goods sold

721.4 k212.8 k1.2 m

Gross profit

1.1 m2 m(851 k)
GBPFY, 2014FY, 2015FY, 2016


1.6 k157.8 k8.1 m

Current Assets

29.8 k212.8 k8.4 m


829 15.5 k26.4 k


127.4 k
GBPFY, 2014FY, 2015FY, 2016

Net Income

(87.5 k)(1.5 m)(2.5 m)

Cash From Operating Activities

3.3 k(816.5 k)(2.7 m)

Cash From Financing Activities

100 869.3 k10.7 m

Net Change in Cash

1.6 k156.2 k7.9 m
GBPY, 2016


13.5 k

Financial Leverage

1.1 x
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Monese Operating Metrics

Monese's Users was reported to be 270 k in Jan, 2018.
Jan, 2018


270 k


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Monese News and Updates

Closing in on 300,000 users, UK-based Monese aims to build an ‘inclusive’ fintech startup

Norris Koppel, CEO of UK fintech startup Monese, discusses building a banking app that’s more inclusive to travellers, migrants, and people on the go. The post Closing in on 300,000 users, UK-based Monese aims to build an ‘inclusive’ fintech startup appeared first on

'Selfie bank' Monese is ready to go viral with European launch

Monese, the platform which allows users to set up a digital current account with little more than a selfie, is set to expand into Europe today. Originating in the UK, the startup is designed to make it easier for people – especially foreign nationals – to set up a current account when they may no…

Britain leads the fintech charge in the developed market

The UK is driving the adoption of fintech in the developed market as the technology continues to gain traction around the world, according to a new report. Mainstream adoption is now reality as one in three digitally active consumers across 20 markets use fintech, according to EY's fintech adopti…

What Brexit? Deals And Dollars To UK Startups Poised For 6-Year High

Following Britain’s vote to exit the European Union in Q2’16, there was immediate reaction among investors and analysts speculating on how Brexit would impact financing activity in the UK. Tech-industry leaders and VCs had been some of the most vocal … Continued

Fintech startup Monese moves closer to bank territory (and profit)

Monese, a fintech startup backed by a well-known Spotify investor, has moved a step closer to rivalling major banks with the launch of direct debits, its first step in plans to expand.  The digital challenger bank which offers mobile current accounts aimed at expats, immigrants and "nomads" who o…
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