Augmentum Fintech’s portfolio company Monese has signed over one million customers. Read what City A.M. wrote about the milestone:

“British banking startup Monese has surpassed the 1m customer milestone, as user growth tripled in the last year alone.

The banking app, which counts Monzo, Revolut and Starling Bank among its rivals, said over 3,000 people are now joining Monese every day across its dual UK and European current accounts.”

“The milestone follows the startup’s $60m (£46m) series B funding round in September last year. It announced at the time that unlike most of its peers, most of its customers use Monese as a primary bank account.”

“We are delighted to have achieved one million sign-ups and see such strong growth across Europe,” said chief executive and founder Norris Koppel.

“Back in 2015, We launched Monese with two beliefs. First, banking should be truly global. The second, technology should give everyone access to modern, convenient and affordable banking services. Today, we feel closer to both of these goals.”


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