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Monese Joins Seedcamp, Raising $1.8m to Provide Banking Services for Immigrants and Expats Across Europe

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We’re exited to announce that Monese – the fintech startup that allows you to open up a UK bank account in less than 3 mins on your mobile – has joined the Seedcamp family.

Seedcamp participated in the $1.8m seed round alongside early Spotify investor Shakil Khan and a select group of other angel investors.

As well as receiving our investment, Monese will receive full access to Seedcamp Week LondonAcademy, Mentors, Network, and our US Trip.

Seedcamp Partner, Reshma Sohoni says, “Opening a UK bank account is a common problem that many expats and immigrants face. Our own international founders, employees, mentors, and investors have faced this issue. So when we met Norris and the team, we immediately understood the scale of the problem Monese is solving. The global movement of labour is only going to get bigger so there’s plenty of opportunity for Monese to grow. We’re excited to join them at this early stage of their journey.”

The company, who are licensed by the UK Financial Conduct Authority, are targeted at helping immigrants and expats, and will offer easy account opening, cheap global payments and a contactless debit card. We imagine the ability to open an account in 3 minutes will be compelling to a greater audience than just that group.

Monese will be launching in the UK during summer 2015. Head over to their website to register for your invite.

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