Monese - About the company
Monese is an acquired company based in London (United Kingdom), founded in 2013 by Norris Koppel. It operates as a Provider of digital bank solutions for individuals and businesses. Monese has raised $269M in funding from investors like SmartCap, Seedcamp and Investec, with last known valuation of £*****. The company has 82 active competitors, including 6 funded and 2 that have exited. Its top competitors include companies like Chetwood Bank, Zvilo and Fortu.
Company Details
Provider of digital bank solutions for individuals and businesses. It offers savings and current accounts, prepaid cards for online offline purchases, bill payments, money transfers, and more. It features multi currency accounts enabling users to transact using multiple currencies. The application is available on Android and iOS platforms.
- Website
- www.monese.com/
- Social
- Email ID
- *****@monese.com
Key Metrics
Founded Year
2013
Location
London, United Kingdom
Stage
Acquired
Total Funding
$269M in 11 rounds
Latest Funding Round
Last Known Valuation
£***** as on Sep 02, 2022
Ranked
1st among 82 active competitors
Annual Revenue
£10M - £50M as on Dec 31, 2024
Employee Count
146 as on May 31, 2026
Investment & Acquisitions
Exit Details
Acquired by Pockit (Oct 10, 2024)
Legal entities associated with Monese
Monese is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
MONESE LTD CIN: 8720992 , United Kingdom, Active | Oct 06, 2013 | £10M - £50M (As on Dec 31, 2024) | 345 (As on Dec 31, 2022) |
Monese's acquisition details
Monese got acquired by Pockit on Oct 10, 2024.
Click here to take a look at Monese's acquisition in detail
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Monese's funding and investors
Monese has raised a total funding of $269M over 11 rounds. Its first funding round was on 2014. Its latest funding round was a Series C round on May 01, 2024 for $*****. 1 investor participated in its latest round. Monese has 77 institutional investors and 24 angel investors.
Here is the list of recent funding rounds of Monese:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 01, 2024 | 4095150 | Series C | 1715022 | 8499001 | 7599919 | 4670987 |
Sep 02, 2022 | 2343362 | Series C | 2903488 | 5619020 | 3934370 | |
Sep 20, 2021 | 6332465 | Series C | 1367569 | 4795922 | 8180245 |
Access funding benchmarks and valuations. Sign up today!View details of Monese's funding rounds and investors
Monese's founders and board of directors
Founder? Claim ProfileThe founders of Monese is Norris Koppel. Norris Koppel is the CEO of Monese.
Here are the details of Monese's key team members:
- Norris Koppel: Founder & CEO of Monese and founder of 2 other companies, Lendfusion and TxtLoan. They serve on the board of 1 company.
Monese's Board of Directors
Monese's board has 5 active members. Norris Koppel and Ola Nordbye are part of team and Timothy Charles Levene, Anastasios Economou and George Sosei Karamanos are independent board members.Here is the list of Monese's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 12y 11m | |
lafzwt{ | Team | - | Past | 7y 4m |
lwegoi{ | Team | - | Past | 1y 3m |
jeyqiou | Team | - | Past | 2y 8m |
Investor | Kinnevik | Current | 5y 4m | |
esm{hhn | Investor | - | Past | 6y 5m |
fleloof | Investor | {xutvi{ | Past | 4y 6m |
iiulywz | Investor | rybajii | Past | 9y 5m |
aspqaun | Investor | rwc{uut | Past | 2y 4m |
Independent board member | - | Current | 5y 4m | |
o{krtgs | Independent board member | - | Current | 1y 2m |
nlfyofp | Independent board member | - | Current | 5y 1m |
jbroequ | Independent board member | - | Past | 7y 6m |
puiujuy | Independent board member | - | Past | 4y 9m |
View details of Monese's Founder profiles and Board Members
Monese's employee count trend
Monese has 146 employees as of May 26. Here is Monese's employee count trend over the years:
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Monese's Competitors and alternates
Top competitors of Monese include Chetwood Bank, Zvilo and Fortu. Here is the list of Top 10 competitors of Monese, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Monese 2013, London (United Kingdom), Acquired | Provider of digital bank solutions for individuals and businesses | $269M | 68/100 | |
2nd | Chetwood Bank 2016, Wrexham (United Kingdom), Unfunded | Provider of a digital banking platform for financial application | - | - | 39/100 |
3rd |  Zvilo 2019, London (United Kingdom), Seed | Digital bank for individuals & businesses | $591K | 39/100 | |
4th |  Fortu 2019, London (United Kingdom), Seed | Digital bank for individuals & businesses | $685K | 38/100 | |
5th | Arro 2016, Manchester (United Kingdom), Unfunded | Neo Bank | - | - | 33/100 |
6th |  AltPay 2018, London (United Kingdom), Seed | Internet-first bank | $384K | - | 31/100 |
7th | LQID 2016, Milton Keynes (United Kingdom), Funding Raised | Platform offering digital banking services and e-commerce marketplace | - | 29/100 | |
8th |  CPay 2020, London (United Kingdom), Unfunded | Digital bank for businesses | - | - | 26/100 |
9th | _1558343533430.png?devicePixelRatio=2&height=30&width=30){kind=logo} MPT PAY 2019, Sheffield (United Kingdom), Seed | Digital-only bank | $10M | 26/100 | |
10th |  CardOneBanking 2007, Chester (United Kingdom), Acquired | Current account for individuals and businesses | - | - | 25/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Monese's competitors? Click here to see the top ones
Monese's Investments and acquisitions
Monese has acquired Trezeo. Monese has not made any investments as of now.Reports related to Monese
Here is the latest report on Monese's sector:
News related to Monese
Filter this listMedia has covered Monese for a total of 2 events in the last 1 year.
•
UK Fintech Monese Reports Widened Losses Amidst Takeover by Peer PockitCity A.M.•Jun 02, 2026•Pockit, Monese
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London fintech Monese seeks further funding after Pockit takeoverCity A.M.•Sep 09, 2025•Pockit, Monese
•
Pockit Extends Income Advance Service to Monese Customers After Acquisition to Combat Unregulated LendingThe Fintech Times•Jul 30, 2025•Pockit, Monese
•
tell.money becomes Monese's Open Banking gateway providerThe Paypers•Nov 22, 2024•Monese, Tell Money
•
tell.money Selected as Open Banking Gateway Provider for Monese, Expanding EU Coverage and Streamlining TPP IntegrationFintech Finance•Nov 21, 2024•Tell Money, Monese
•
Pockit adds heavyweights to board following Monese acquisitionBusinessCloud•Oct 24, 2024•Monese, Pockit
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HSBC reportedly writes off remaining $5.8m stake in UK fintech MoneseFintechinshorts•Oct 04, 2024•HSBC, Monese
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