Monese

we invest in: Interactive Inspector

Monese is the first mobile-only current account in the UK and serves the increasingly mobile European labour market. With just a passport and mobile number an account can be opened all within three minutes, and free of charge. Typically, lengthy credit-checks mean it can take weeks for foreign nationals to open a bank account. Monese removes all the unnecessary friction.

Augmentum invested a £2.5m CLN in Monese in June 2019. This investment follows Augmentum’s investment of £5.3m in September 2018, in their £46 million Series B fundraising round, alongside Kinnevik, PayPal and Avios.

Partners since 2018

Sectors

Challenger banking

Social Media

Twitter

Facebook

LinkedIn

Website

www.monese.com

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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 Associate at Augmentum. Prior to joining Augmentum, Ellen was an Associate Consultant at OC&C Strategy Consultants and worked at people analytics startup Bunch in Berlin. Ellen studied Economics at Edinburgh University.