Startup of the Week - Monese
by Startacus Admin
Monese - The FinTech startup which is on a mission to provide banking services for all
As we all know it can sometimes be a real chore opening a new bank account, however if you don’t have a regular fixed income or have just arrived in the country it can be even more difficult. Banks - the traditional ones anyhow, certainly don’t make it easy.Help is now at hand however thanks to our latest startup of the week.
Monese is a mobile current account which provides banking services for all - even if you’ve had no previous credit history or have just relocated to the UK.
You’ll have no barriers to overcome or red tape to work around - whether that’s providing countless forms of ID or arranging meetings with endless banking assistants only to be told ‘no”. You can simply set an account up yourself via the Monese app in a matter of minutes, provided you have your passport, national ID card or driving license.
Once it’s set up, you can use all the regular features that you’d expect from a current account. You can deposit your salary, view and manage your direct debits, transfer money - there are even cash bonuses on offer every time your recommend a friend to join.
There are 2 types of account - a Starter account and a Plus account - the latter option incurs a £4.95 fee each month but gives users some additional perks such as a free contactless debit card and reduced fees on foreign currency exchange.
At the moment, Monese can be used by anyone living within the EEA and it provides the perfect banking solution for anyone who is needing to relocate for their job.
In essence, this FinTech startup is solving a problem which many people have faced when dealing with traditional high street banks - and it’s a problem which absolutely needed to be solved.
Monese - we’re loving your work!
If you like the sound of this fintech startup, you might also want to read our recent features on:
LOQBOX, a FinTech startup which offers a secure way to build your credit history and help you grow your savings at the same time.
Coconut, an app-based smart current account, combining banking & accounting services for the freelance and self-employed workforce.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
The startup that is on a mission to empower cyclists everywhere by providing the world’s largest cycle route collection in its innovative app
Black Young Professional Network, aka BYP Network will hit and surpass their Seedrs £500k funding round target.
.jpeg)
Planning to hire an accountant for your startup? Here are a few of the things you should consider before you do just that...
Sustainable reward scheme Bagboard, a first-of-its-kind advertising platform for planet-friendly brands launches £600k funding round
The Manchester-based startup that's created an app to enable hospitality businesses to maintain social distancing while still taking customer orders quickly
The lowdown on Bubo AI, the Yorkshire-based startup that's using AI to create value-based pricing for wholesale and distribution businesses
The London-based startup that's disrupting the insurance industry by its collective-based model for cycling insurance
More than half of employees concerned about returning to work and majority of employees NOT comfortable using public transport
The GCHQ Innovation Co-Lab is on the hunt for companies harnessing data science, machine learning and AI techniques to create real products and solutions.
Eppik is a smart family photo sharing platform that helps families reconnect through their shared photo heritage
Published on: 16th May 2018
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- More than half of employees concerned about returning to work 2nd Jul 2020 More than half of employees concerned about returning to work and majority of employees NOT comfortable using public transport
- GCHQ Innovation Co-Lab seeks startups harnessing data science, machine learning and AI 2nd Jul 2020 The GCHQ Innovation Co-Lab is on the hunt for companies harnessing data science, machine learning and AI techniques to create real products and solutions.
- Ten Years On: 30% Club Sets New Targets 1st Jul 2020 New targets set by 30% Club aimed at achieving both gender diversity and fully inclusive cultures on FTSE Boards, Executive Committees and Chair Appointments
- Xero’s Roadmap to Recovery manifesto launched 1st Jul 2020 Xero’s Roadmap to Recovery manifesto launched as new data confirms impact of COVID-19 on UK small business revenue and employment
