Founder/CEO: Norris Koppel
Total Funding: $80.4M
Latest Funding: $2.5M, Venture round, June 2019 - Augmentum
Keywords: Digital Banking, Financial Inclusion
Who is it for: Individuals, those with no UK credit history
Trustpilot Score: 80% Excellent fro 11,800 reviews
HQ: UK, London
“70% of incoming funds are salary payments.”
In this year’s top ten, Monese was originally founded to help those with no UK credit history overcome open a bank account in the UK.
The digital bank has since expanded to 31 countries and translated its app into 12 different languages. This year it hit 1M customers, and 70% of incoming funds are salary payments.
In July 2019, Monese launched a joint service with PayPal, allowing Monese customers to buy and sell to any of the payments firm’s 277M consumers and merchants around the world. In September, Monese announced a partnership with Raisin