When was Mode founded?

Mode was founded in 2019 and raised its 1st funding round 5 years after it was founded.

Where is Mode located?

Mode is headquartered in London, United Kingdom. It is registered at Finsgate, 5-7 Cranwood Street, London, United Kingdom, EC1V 9EE.

How many employees does Mode have?

As of Dec 31, 2019, the latest employee count at Mode is 25.

Is Mode a funded company?

Mode is a funded company, having raised a total of $***** in its 1st and only funding round, a ICO round on May 07, 2024.

When was the latest funding round of Mode?

Mode's latest funding was a $***** ICO round on May 07, 2024, with participation from 0 investor. Its primary sector is Banking Tech. In United Kingdom, the Banking Tech sector has seen $167M in funding in 2026 to date.

Where does Mode rank among its competitors?

Mode ranks 31st amongst 276 active competitors, of which 39 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Stash, which secured $187M in May, 2025.

Who are the top competitors of Mode?

Mode's top competitors include Monzo, Starling Bank and Revolut. Among them, Stash secured the most recent funding round in May, 2025.

Mode - 2026 Company Profile, Funding & Competitors

Mode is a funded company based in London (United Kingdom), founded in 2019. It operates as a Decentralized banking and financial services. Mode has raised an undisclosed amount in funding. The company has 276 active competitors, including 39 funded and 9 that have exited. Its top competitors include companies like Monzo, Starling Bank and Revolut.

Company Details

Mode uses the blockchain technology to provide decentralized banking services for traditional and crypto-assets. It offers various services such as Mode lend, Mode card, tokenization, escrow, Mode wallet, Mode exchange & deposits etc.

Website: modeplatform.io
Part Of
Registered Address: Finsgate, 5-7 Cranwood Street, London, United Kingdom, EC1V 9EE

Key Metrics

Founded Year

2019

Location

London, United Kingdom

Stage

Funding Raised

Latest Funding Round

ICO, May 07, 2024, $*****

Ranked

31^st among 276 active competitors

Employee Count

25 as on Dec 31, 2019

Similar Companies

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View Mode's full profile

Mode is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
Mode Global Holdings PLC CIN: 12794676 , Germany, Active	Aug 04, 2020	-	8 (As on Dec 31, 2019)
Mode Global Limited CIN: 9768854 , Germany, Active	Sep 08, 2015	-	17 (As on Dec 31, 2019)
Fibermode Limited CIN: 11085143 , United Kingdom, Active	Nov 27, 2017	-	9 (As on Jan 31, 2020)

Mode has raised funding over 1 round.

Here is the list of recent funding rounds of Mode:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 07, 2024	5217642	ICO	9173405	2921736	4572449	4891631

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View details of Mode's funding rounds and investors

Mode's employee count trend

Mode has 25 employees as of Dec 19. The total employee count is 525.0% more than what it was in Dec 18. Here is Mode's employee count trend over the years:

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Top competitors of Mode include Monzo, Starling Bank and Revolut. Here is the list of Top 10 competitors of Mode, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Monzo 2015, London (United Kingdom), Series I	Provider of digital banking services including accounts payments, savings and investments	$1.81B	General Catalyst, Passion Capital & 63 others	84/100
2nd	Starling Bank 2014, London (United Kingdom), Series D	Internet-first bank offering digital banking services for consumers and businesses	$1.06B	Merian Global Investors, Goldman Sachs & 35 others	83/100
3rd	Revolut 2015, London (United Kingdom), Series E	Provider of banking solutions for retail customers and businesses	$1.99B	Balderton Capital, TCV & 139 others	83/100
4th	Monese 2013, London (United Kingdom), Acquired	Provider of digital bank solutions for individuals and businesses	$269M	SmartCap, Kinnevik & 99 others	76/100
5th	Atom bank 2014, Blyth (United Kingdom), Series F	Developer of a digital bank for individuals and businesses	$852M	BBVA, Toscafund Asset Management & 18 others	76/100
6th	Stash 2015, New York City (United States), Acquired	Automated investment and robo-advisory platform	$747M	Goodwater Capital, Union Square Ventures ... & 21 others	74/100
7th	Kuda 2017, Lagos (Nigeria), Series B	Provider of a digital bank for individuals	$91.6M	Valar Ventures, Target Global & 19 others	72/100
8th	Bunq 2012, Amsterdam (Netherlands), Series A	Provider of the digital bank for individuals and businesses	$373M	Pollen Street & 1 others	69/100
9th	Aldermore Bank 2009, Wilmslow (United Kingdom), Acquired	Commercial bank for consumers and businesses	$218M	Honeywell, Goldman Sachs Asset Management ... & 6 others	67/100
10th	Kroo 2016, London (United Kingdom), Series B	Provider of digital banking services for individuals	$88.9M	Karlani Capital & 1 others	65/100
31st	Mode 2019, London (United Kingdom), Funding Raised	Decentralized banking and financial services	-	-	38/100