Moneco
Neobank for African diaspora in Europe.
- Who holds it
- An e-money institution holds your balance in a safeguarding account — Accounts and cards via regulated EMI partners (Europe/US); Moneco Canada registered with FINTRAC.
- The ledger
- The e-money institution’s own ledger.
- If it fails
- Safeguarded funds are returned in administration — ring-fenced, but access can be frozen and slow.
Derived from Moneco’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · immigrants & migrants |
| HQ | Paris, FR |
| Founded | 2022 |
| Custody | Custodial |
| Regulation type | E-money institution |
| License detail | Accounts and cards via regulated EMI partners (Europe/US); Moneco Canada registered with FINTRAC |
| Card | Visa · Debit |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Europe |
| Countries | France, Belgium, Germany |
Verified links: official site ↗ · terms ↗ · @moneco_app ↗
Common questions about Moneco
What is Moneco?
Moneco is a fiat neobank built for immigrants & migrants, headquartered in Paris, FR and founded in 2022. Your money is held custodially, so Moneco or its partner bank holds the balance and you hold a claim on it. It is regulated as an e-money institution (Accounts and cards via regulated EMI partners (Europe/US); Moneco Canada registered with FINTRAC).
Does Moneco have a card, and where can you use it?
It issues a Visa debit card. It is available in 3 countries, across Europe.
Does Moneco require KYC?
Yes. Moneco requires identity verification (KYC) to open an account, as a e-money institution.
Head-to-head
Peers
Monzo · Wise · Starling Bank · Atom Bank · Zopa Bank · Chase UK
Moneco appears in
Neobanks authorised as e-money institutions (48) · Neobanks available in Europe (144) · Neobanks for immigrants and migrants (9) · Neobanks that issue a Visa card (182) · Neobanks in France (11)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.