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Monese enables anyone to open a local banking account on-demand, anywhere in Europe - with nothing but their mobile.

Monese provides instant on-demand banking accounts regardless of the customer's citizenship. It was born after founder’s first-hand experience of the hassle involved with opening a bank account in a new country. The company has developed a sophisticated technology platform which can validate customer identity in real­time. Accounts can be opened using the company’s mobile app in under 3 minutes with or without a local address or good credit history. This revolutionises banking for expats and new residents as ‘residency restrictions’ imposed by traditional high street banks are one of the single greatest barriers to accessing the banking system when they arrive in a new country. Monese was designed from the ground up with a focus on creating a more frictionless day-to-day banking experience. It’s fully-featured banking account comes with cheap global payments and a contactless debit card. Monese has a real chance to make a difference to many lives by democratising the access to modern banking services.

Name CEO: Norris Koppel
Company founded in: 2013
Country: United Kingdom
Twitter: @MyMonese
Category: Challenger Banks


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