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.
Voicy, the online content platform for discovering, creating and sharing sound-clips and sound-effects secures investment to support team expansion and global growth.
NI Startup? Fancy showcasing your startup at this year's Digital DNA event? We've got up to 10 spaces for NI startups to do just that. Here's the details!
Germany's leading digital solar platform, Zolar secures major investment to support roll out of new digital energy products.
Metro Bank seeks startups and scaleups with a focus on customer experience, community banking, optimisation of systems & data and sustainability for its second innovation lab.
Need a little extra motivation to get your daily step count up? Treekly will help you do your bit for the climate crisis with every step you take...
The lowdown on London-based SaaS startup Adadot and its innovative performance and wellbeing tracking platform for developers.
.jpg)
Henrik Grim, European GM of Capchase shares insights on how founders can navigate these more challenging funding conditions.
Storyblok secures major investment to further accelerate product innovation and growth into the US and Europe.
.png)
New podcast launched by Sport Tech Hub aims to share insights and inspiration from leaders and tech entrepreneurs in the sport and physical activity sector.
Moneybox smashes its investment target with over 15,000 people investing £6.25million in 72 hours in its Crowdcube campaign.
Published on: 16th May 2018
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Voicy lands €1.2 million pre-Seed from Global Founders Capital to build the GIPHY for sound 20th May 2022 Voicy, the online content platform for discovering, creating and sharing sound-clips and sound-effects secures investment to support team expansion and global growth.
- Zolar Lands €100 Million Series C On The Back Of Surging Demand For Affordable Green Energy 19th May 2022 Germany's leading digital solar platform, Zolar secures major investment to support roll out of new digital energy products.
- Metro Bank opens call for participants for second Magic Makers programme 17th May 2022 Metro Bank seeks startups and scaleups with a focus on customer experience, community banking, optimisation of systems & data and sustainability for its second innovation lab.
- Storyblok Raises $47M Series B to Make Headless Content Management the New Standard 17th May 2022 Storyblok secures major investment to further accelerate product innovation and growth into the US and Europe.
