Monese – Everything you need to know

Launched in 2015 in London, UK, Monese has rapidly expanded, now serving over 2 million users across Europe, supported by a team of over 250 employees.

Monese provides a variety of financial services, including fee-free bank accounts, real-time transaction alerts, intuitive money management tools, and strong security features, all accessible through a mobile app. With its mission to simplify banking, Monese has drawn millions of users by offering transparent and convenient financial solutions.

In addition, Monese isn’t quite a bank account, but it’s as close as can be. It’s an e-money service, so handles everything to do with money electronically. Monese calls itself a money account, rather than a bank account.

Moreover, it’s pretty close to being a bank account. You can open it instantly on your phone with just an ID card or passport, all across Europe – perfect for those in the UK who don’t have a registered address or any bills or credit history to open a bank account with a traditional bank.

Likewise, Monese was founded by Norris Koppel, driven by the vision of creating an accessible and modern banking experience. Since its inception, the company has attracted significant investment, reaching a valuation of $1 billion after raising $60 million in its 2020 funding round.