At A Glance
Internationally mobile individuals and globally minded entrepreneurs
Supply Chain Processes:
Banking services for private individuals and businesses
Monese provides a smart and connected banking service for internationally mobile individuals, be they locals or foreign borns, and for globally minded entrepreneurs. These are the millions of people who live some part of their life in another country – whether it’s for frequent travel, work, business, study, family, or retirement; and the businesses they create.
‘Old banking’ was developed when people lived most of their lives in the same place and is rigid, expensive and – at times – painful. It fails to give fast access to those who have just arrived to a new country, it is not portable when they leave, and it is not well connected to the banking systems of the places they have come from or will be going to next.
Access to convenient and affordable financial services are at the core of Monese’s offering. Monese’s groundbreaking product enables eligible customers to create an account in as little as 120 seconds regardless of citizenship, proof of address or credit history. This allows Monese to fill a gap in the market and serve a diverse set of internationally mobile customers currently underserved by traditional financial institutions.
Monese recently launched Monese Business accounts for UK registered companies, which can be set up in minutes, wherever you are in the world. With its mobile-only dual UK and Euro IBAN current account, its portability across 20 countries, and both the app and its customer service available in 11 languages, Monese allows people and businesses to bank like a local across the UK and Europe.
With more than 600,000 sign-ups, 75% of incoming funds being from salary payments, and a 9.2/10 TrustPilot score, Monese is one of the most popular and trusted banking services in the UK and Europe. Monese is signing-up 2,000 new customers everyday and customers move more than $3 billion per annum through Monese accounts.
Monese employs 160 people across its offices in London, Tallinn and Lisbon.