10 years ago

Monese Raises $1.8 Million to Make Banking Easier for Expats

  • Monese, a London-based fintech startup that allows users to open a UK bank account in less than 3 minutes on their mobile, has raised $1.8 million in seed funding

  • The round was led by Seedcamp, with participation from early Spotify investor Shakil Khan and other angel investors

  • Monese is licensed by the UK Financial Conduct Authority and will launch in the UK in summer 2015

  • The startup offers a branchless and digital banking service that enables instant account opening via a mobile app, regardless of the customer’s missing utility bill

  • Monese aims to help expats by offering easy account opening, cheap payments, and a debit card, taking the pain out of and putting the honesty back into banking.

      • ProblemFinancial Services

      "Opening a UK bank account is a common problem that many expats and immigrants face."

      Solution

      "Monese offers a branchless and digital banking service that enables instant account opening via a mobile app, regardless of the customer’s missing utility bill."

      Covered on