About Monobank
Monobank is a company based in Bergen (Norway) founded in 2015. Monobank operates in a competitive market with competitors including Lunar, Bank Norwegian, Sbanken, Instabank and Lea bank, among others.
- Headquarter Bergen, Norway
- SectorsFinancial Services
- Email••••••••
- Website monobank.no
- Social LinkedIn X
- Legal Name Monobank Asa
- Investors
Funding Insights of Monobank
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Monobank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2018 | – | Post-IPO | – | – |
1 investors in total: 1 institutional.
Investors in Monobank
Monobank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include TBI Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | tbibank.bg | - |
Investor details for Monobank
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Monobank
2 dated milestones of Monobank across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Monobank is founded.
- Funding First funding round.
Competitors of Monobank
Monobank 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 Lunar, Bank Norwegian, Sbanken, Instabank and Lea bank, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lunar.app | 2015 | Aarhus, Denmark | $671.17M | 103 | Lunar is recognized as a digital bank offering innovative financial solutions. | |
| banknorwegian.no | 2009 | Oslo, Norway | $36.07M | – | Digital bank for individuals | |
| sbanken.no | 2000 | Bergen, Norway | – | – | Digital bank for consumers and businesses | |
| instabank.no | 2016 | Oslo, Norway | – | 28 | Internet first bank | |
| leabank.no | 2016 | Oslo, Norway | – | 47 | Digital retail banking services are offered to customers in Norway. | |
| komplettbank.no | 2014 | Lysaker, Norway | – | – | Retail banking services are provided to individual customers in Norway. | |
| bulderbank.no | 2019 | Bergen, Norway | – | – | Offers fee-free home loans, savings accounts, and mobile banking for individuals in Norway. |
Detailed competitors of Monobank
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Monobank
Complete news archive for Monobank
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Monobank
10 companies that operate in the same segment as Monobank (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Monobank
Monobank was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Monobank is headquartered in Bergen, Norway. It is registered at Bergen, Vestland, Norway.
Monobank is an online bank with a banking license. They focus on the unsecured loans (without collateral) consumer market and also claim to provide a high interest deposit account. The interest rate on loans varies from 7.9 - 19.9 with establishment fees of 890kr. High interest account provide 1 interest on deposits less than 50,000kr and 2 on deposits between 50.000kr- 2,000,000kr. Majority of the employees are Skandiabanken ex-bankers with over 80 years of banking experience and more than 20 years experience as loan agents.
Monobank has 1 investor. Key investors include TBI Bank.
Monobank operates through Monobank Asa.