# Monese

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/monese

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.monese.com/
- Total disclosed funding: $95M
- Latest round: Series D (Sep 2, 2022)
- Investors on record: 16

## About

Founded in 2015 by Norris Koppel, and based in London, UK, Monese Ltd. operates an online banking platform that provides mobile banking, electronic payments, and account management services. In May 2024, Monese Ltd. raised venture funding from various investors. In October 2024, Pockit Limited, a portfolio company of Belcube, Concentric, Crowdcube, European Regional Development Fund, Kinled Holding, Maven Capital Partners, North East Fund, Perscitus LLP, and Puma Private Equity, agreed to acquire Monese Ltd. from Anthemis Exponential Ventures, Augmentum, Avios Group (AGL) Ltd., EASME, HSBC Ventures, International Consolidated Airlines Group, S.A., Investec, JXC Ventures, Kinled Holding, Korea Investment Partners, Outward VC, PayPal, Inc., Seedcamp, SmartCap, STE Capital, Tera Ventures, United Partners, and Upscale for approximately GBP 15 million.

Monese provides a mobile financial platform allowing users to manage money in multiple currencies, issue cards, and conduct transactions globally. The platform offers instant account setup, with features including domestic and international transfers between Monese accounts, budgeting tools, and real-time spending notifications. Users can open accounts in various currencies, issue physical and virtual cards, and access services like credit building and expense management. Monese integrates with services such as PayPal and Avios, supports contactless payments, and offers a multilingual support team.

## Funding rounds

- Series D, Sep 2, 2022, $34M — Investec, Kinnevik, Augmentum, PayPal, Inc., Outward VC, HSBC Ventures
- Series B, Sep 5, 2018, $42M — Investec, Kinnevik, Augmentum, PayPal, Inc., International Consolidated Airlines Group, S.A., Avios Group (AGL) Ltd.
- Series A, Dec 22, 2016, $13M — Seedcamp, Korea Investment Partners, SmartCap, JXC Ventures, Anthemis Exponential Ventures, STE capital, Tera Ventures
- Seed, Nov 24, 2015, $4.2M — Seedcamp, JXC Ventures, Tera Ventures
- Seed, May 27, 2015, $1.8M — Seedcamp, SmartCap, Tera Ventures
- Seed, Jun 1, 2014 — United Partners

## Investors

- United Partners (https://capitalatlas.ai/funds/united-partners) — Seed
- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed, Series A
- SmartCap (https://capitalatlas.ai/funds/smartcap) — Seed, Series A
- Tera Ventures (https://capitalatlas.ai/funds/tera-ventures) — Seed, Series A
- JXC Ventures — Seed, Series A
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series A
- Anthemis Exponential Ventures — Series A
- STE capital — Series A
- Investec (https://capitalatlas.ai/funds/investec) — Series B, Series D
- Kinnevik (https://capitalatlas.ai/funds/kinnevik) — Series B, Series D
- Augmentum (https://capitalatlas.ai/funds/augmentum) — Series B, Series D
- PayPal, Inc. — Series B, Series D
- International Consolidated Airlines Group, S.A. — Series B
- Avios Group (AGL) Ltd. — Series B
- Outward VC (https://capitalatlas.ai/funds/outward-vc) — Series D
- HSBC Ventures (https://capitalatlas.ai/funds/hsbc-ventures) — Series D