• FOUNDING YEAR: 2013
    LOCATION:
    United Kingdom
    REGION:
    England
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Online banking app for immigrants and expats
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Expats, Foreign Nationals etc
EXISTING PARTNERSHIPS:
Partnered with banks in Europe and other locations.

PEOPLE

FOUNDERS:
Norris Koppel
Board Members and Advisors:
Norris Koppel
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Kinnevik, PayPal, Augmentum, Investec, Avios Group, Korea Investment Partners, Seedcamp, Smartcap, United Partners, YYX Ventures, Spring Capital, Tera Ventures, Wiser Financial Advisors, Superangel, Exponential Ventures, United Angels VC, Shakil Khan
KEY EMPLOYEES:
Norris Koppel(CEO)

TRACTION

NUMBER OF TRANSACTIONS:
1.8 MM in 2017
TRANSACTIONS VALUE:
£150 MM in 2017
ACTIVE USERS:
40000 Million in 2017
OTHER INFO:
Monese has claimed 74 per cent of all incoming deposits are people’s salaries.
COMMENT:
Since Sep 2015, the company has nearly 600,000 sign-ups in the U.K. and elsewhere in Europe. (Sep. 2018)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$75.8 Millions
DATE OF LAST FUNDING:
Sep 2018
SEED & PRIOR FUNDING:
$5.8 Millions
SEED CLOSED ON:
May 2015
FUNDING SERIES:
SERIES A
$10 Million Closed: Jan 2017
SERIES B
$60 Millions Closed: Sep 2018
LISTED:
NO

LATEST RESEARCH