Monese is a fintech that provides digital banking and remittance services to consumers and businesses across Europe.
Monese allows instant access to financial services for those moving and working to build better lives for themselves and their families.
Monese was founded in Estonia in 2015 by Norris Koppel. The company is headquartered in London, UK and Tallinn, Estonia.
Monese serves customers with a range of online-only services including standard cash accounts, savings and international money transfers. Its ground-breaking product is powered by a proprietary technology that conducts deep KYC (Know Your Customer) checks globally in real time.
Monese recently launched Banking-as-a-Service platform (BaaS), allowing the Bank to accelerate the development of its transactional banking proposition in collaboration with Monese.
Monese has over 2 million daily sign-ups across 31 countries. The company has also entered into a multi-year strategic partnership with Mastercard to enhance local banking across Europe.
Monese is backed by Investec, HSBC, Outward VC, Kinnevik, Paypal and Augmentum, Avios Group Ltd., and others. The company raised $35M in first tranche of its Series D round on Sep 20, 2022. This brings Monese's total funding to $205.4M to date.