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

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Website

www.monese.com

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© 2019 Augmentum Fintech Management Ltd. All rights reserved.

Registered in England and Wales, company no. 11194408

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