About Monese
Monese is a company based in London (United Kingdom) founded in 2013 by Norris Koppel was acquired by Pockit in October 2024.. Monese has raised $269.18 million across 11 funding rounds from investors including Investec, PayPal and Pockit. Monese has completed 1 acquisition, including Trezeo. Monese operates in a competitive market with competitors including Kashet, Zvilo, Fortu, Interpolitan Money and AltPay, among others.
- Headquarter London, United Kingdom
- Founders Norris Koppel
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Monese Ltd
- Date of Incorporation 07 Oct, 2013
- Jurisdiction LONDON, ENGLAND
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Funding Insights of Monese
Monese has successfully raised a total of $269.18M across 11 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Last Round
- First Round First Round
- Investors Count 50
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series C - Monese | Valuation |
investors |
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| Sep, 2022 | Amount | Series C - Monese | Valuation | HSBC | |
| Sep, 2021 | Amount | Series C - Monese | Valuation | Investec |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Monese
Monese has secured backing from 51 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Investec, PayPal and Pockit. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage digital startups are funded by tech-focused Tera Ventures.
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Founded Year | Domain | Location | |
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Venture capital fund and syndicate focused on pre-seed and seed investments
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Founded Year | Domain | Location | |
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Venture capital funding is provided by HSBC-backed firm in London.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Monese
Monese has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Trezeo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cash advances are extended to freelancers for income stability.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Monese
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Monese Comparisons
Competitors of Monese
Monese operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kashet, Zvilo, Fortu, Interpolitan Money and AltPay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital banking services are offered to individuals and businesses.
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| domain | founded_year | HQ Location |
Digital banking services are offered to individuals and businesses.
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| domain | founded_year | HQ Location |
Digital banking services are offered to high-net-worth individuals and businesses.
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| domain | founded_year | HQ Location |
Provides multi-currency accounts, cross-border payments, and escrow for individuals and businesses.
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| domain | founded_year | HQ Location |
Internet-first bank
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Monese
Frequently Asked Questions about Monese
When was Monese founded?
Monese was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Monese located?
Monese is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Monese?
Norris Koppel is the current CEO of Monese. They have also founded this company.
Is Monese a funded company?
Monese is a funded company, having raised a total of $269.18M across 11 funding rounds to date. The company's 1st funding round was a Series C of $90M, raised on Jun 01, 2014.
What does Monese do?
Monese was founded in 2013 in London, United Kingdom, as a digital bank in the fintech sector. Current and savings accounts are provided, along with prepaid cards for online and offline transactions. Bill payments and money transfers are facilitated through multicurrency accounts. The platform operates via applications on Android and iOS, serving users across multiple regions.
How many acquisitions has Monese made?
Monese has made 1 acquisition, including Trezeo.
Who are Monese's investors?
Monese has 51 investors. Key investors include Investec, PayPal, Pockit, Korea Investment Holdings, and Seedcamp.
What is Monese's valuation?
The valuation of Monese is $126.19M as of Jan 2020.
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