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London, England, United Kingdom
Provider of an application platform intended to offer digital banking services. The company's platform offers an easy way to open a current account quickly, without the credit checks or residency restrictions imposed by traditional banks, enabling individuals to avail an easy way to shop online, receive salary and make purchases at stores.
Last updated
In 2024, Monese's revenue reached $12.1M. The company previously reported $9.6M in 2023. Since its launch in 2013, Monese has shown consistent revenue growth.
Monese has not publicly disclosed its valuation. The company has raised $80.9M in total funding to date.
Monese has raised $80.9M in total funding across 6 rounds, with its most recent round in 2019.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2019 | Funding round | $3.5M | - | - | |
| 2018 | Funding round | $60M | - | - | |
| 2017 |
CEO
Norris Koppel is CEO & Founder of Monese, a service which enables customers to open a UK banking account in a matter of minutes, using a mobile app. Monese's breakthrough technology can validate the identity of customers in real time. This enables the company to offer accounts to the hundreds of thousands of expats and migrants who findit slow and painful to open bank accounts with major banks across Europe. Monese's fully-featured UK current account comes with cheap global payments and a contactless debit card. Norris founded Monese after his first-hand experience of the hassle involved with opening a bank account in a new country. Prior to starting Monese, he built multiple FinTech companies in the UK.
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Monese serves 2M customers.
Monese employs approximately 185 people as of 2026, down from 363 in 2023, including 1 sales reps that carry a quota. It serves 2M customers that rely on its solutions.
Monese generates an estimated $12.1M in annual revenue.
Monese was founded by Norris Koppel.
The CEO of Monese is Norris Koppel.
Monese raised $80.9M across 6 rounds.
Monese has 185 employees.
Monese is headquartered in London, England, United Kingdom.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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85 associated members
2024 Revenue
$12.1M(Est.)
Customers
2M
Funding
$80.9M
Avg ACV
$6
Team
185
Founded
2013
| Year | Milestone | Source |
|---|---|---|
| 2024 | Monese Hit $12.1m revenue in October 2024 | Estimated |
| 2023 | Monese Hit $9.6m revenue in October 2023 | Estimated |
| 2021 | Monese Hit $6.6m revenue in April 2021 | |
| 2013 | Launched with $0 revenue |
| Funding round |
| $10M |
| - |
| - |
| 2017 | Funding round | $4.2M | - | - |
| 2016 | Funding round | $1.3M | - | - |
| 2015 | Funding round | $1.8M | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 185 employees (October 2024) | |
| 2023 | Reached 363 employees (December 2023) | |
| 2023 | Reached 347 employees (October 2023) | |
| 2022 | Reached 402 employees (December 2022) | |
| 2022 | Reached 413 employees (October 2022) | |
| 2021 | Reached 287 employees (December 2021) | |
| 2021 | Reached 246 employees (April 2021) |
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