Monese

w: monese.com

t: @MyMonese

CEO :  Norris Koppel

Founder: Norris Koppel

Founded: 2013

Sectors: Banking

Total Funding: $17.2M

Latest Funding: $10M Series A Jan 2017

Lead Investor: YYX Ventures

HQ: UK, London

 

Monese began by helping migrant workers who needed a bank account to make ends meet, and this has given it  a hugely loyal customer base. Launched in 2015, Monese lets anyone open a UK bank account in a matter of moments without needing a UK address - something no major high street bank would do at the time. 

By April 2018, Monese has expanded to 20 countries and translated the app into eight different languages, and has nearly 400,000 account holders. Significantly, 70% of Monese accounts are full-time primary bank accounts, where people are having their salary paid in each month.