Banking challenger Monese tops 1m customers

Banking challenger Monese tops 1m customers

May 8, 2019

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.”

 

Read full article

 

Rahil Patel

Rahil is an Analyst at Augmentum. He joined the fund full-time following a Summer internship in 2018.

Prior to Augmentum, Rahil studied Geography at Durham University and has previously worked with Mayfair Insurance Company and Sipsmith Gin.

When he is not curating the office Alexa playlist, Rahil tries to keep up with his passion for DJing that began at university.

Learn more about Rahil in this blog post.

Georgie Hazell

Georgie heads up engagement at Augmentum, which involves supporting portfolio companies, engaging with investors and the wider fintech ecosystem (including marketing and events), and supporting the team internally.

Georgie has worked in a number of startups across people, strategy and growth leadership positions. Following her MBA and a consultancy project with Crowdcube, Georgie moved into venture capital.

Passionate about diversity and inclusion, particularly in VC and entrepreneurship, Georgie founded women in tech network Elevate, led on UK expansion for Her Campus Media, volunteers with Diversity VC and mentored with The Girls Network.

Ellen Logan

Ellen is an Investment Associate at Augmentum. She previously worked at OC&C Strategy Consultants and at HR analytics startup Bunch. Ellen studied Economics at the University of Edinburgh.

Outside of the office she spends her time practicing yoga, experimenting in the kitchen and exploring the art galleries of London.

Learn more about Ellen in her ‘Meet the Team’ blog here

Sign up for our newsletter

Stay up to date by registering for Augmentum’s quarterly email newsletter.

Sofia Wiecko

Sofia oversees the financial and administrative operations at Augmentum and has over 15 years’ experience in financial accounting.

Believing in giving back to the community, Sofia is active in a number of local charities.

Hayley Manning

Hayley is Augmentum’s Office Manager and PA. Prior to working at Augmentum, Hayley worked at law firm Stephenson Harwood.

Nigel Szembel

Nigel leads Public Relations and Investor Relations at Augmentum. Nigel has had an international career in corporate affairs, communications and investor relations which, over 30 years, has included responsibility for UK, regional (EMEA and Latin America) and global functions; covering high-profile public companies, private companies, prominent individuals and public bodies, primarily in the financial services sector but also taking in consumer/fashion, planning policy, arts and the environment.