Monese: Funding, Investors & Team (Aug 2026)
Monese is a digital banking alternative that provides mobile-only, multi-currency accounts in 31 countries across the European Economic Area, for those who are underserved by the traditional banking system. It was launched in 2015 by Norris Koppel, after his first-hand experience of the hassle involved with opening a bank account in a new country. With a fully-featured and fully localized banking experience (both its apps and its customer service are available in 14 languages), Monese allows people and businesses to spend and save like locals across Europe. Its proprietary “Know Your Customer” technology can validate a customer’s identity in real-time, allowing accounts to be opened in a matter of minutes, from a mobile app.
Monese has raised $125M across 2 funding rounds on record, the most recent an undisclosed round of $35.0M announced in Sep 2022.
That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Monese Company Profile and Key Stats
Latest funding round on record: Sep 2022.
Monese Funding Rounds
Monese raised $90.0M in a Series C announced in Sep 2021.
1 years later, an undisclosed round of $35.0M was announced in Sep 2022.
Monese Founders and Leadership Team
Contact details for the Monese team: 1 of 1 has an email address on file.
Start 14-day free trial →Monese Funding Compared to Other Financial Services Startups
Monese's latest round of $35.0M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Monese Funding FAQs
What does Monese do?
Monese is a digital banking alternative that provides mobile-only, multi-currency accounts in 31 countries across the European Economic Area, for those who are underserved by the traditional banking system. It was launched in 2015 by Norris Koppel, after his first-hand experience of the hassle involved with opening a bank account in a new country. With a fully-featured and fully localized banking experience (both its apps and its customer service are available in 14 languages), Monese allows people and businesses to spend and save like locals across Europe. Its proprietary “Know Your Customer” technology can validate a customer’s identity in real-time, allowing accounts to be opened in a matter of minutes, from a mobile app.
How much funding has Monese raised?
Monese has raised $125M across 2 rounds on record. The most recent is an undisclosed round of $35.0M announced in Sep 2022.
When did Monese last raise funding?
Monese's most recent funding round on record is an undisclosed round of $35.0M, announced in Sep 2022.
Who is the CEO of Monese?
Norris Koppel is listed as CEO at Monese.
Where is Monese headquartered?
Monese is based in London, England, United Kingdom.
How many employees does Monese have?
Monese is in the 251-500 employee band.
How does Monese's funding compare to other Financial Services startups?
Monese's latest round of $35.0M is above the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.
About FundedIQ's Monese Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Monese is left off this page rather than filled in.
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