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Monese profile

Who owns Monese?

traditional · London, UK · E-money institution · custody: Custodial

short answerMonese is an e-money institution, not a bank. Customer money is safeguarded in segregated accounts at partner banks rather than held as insured deposits. Monese's most notable disclosed backers include Kinnevik, PayPal Ventures, Augmentum Fintech and HSBC.

Is Monese a licensed bank?

No — it is an e-money institution. Licence detail: FCA-authorised e-money institution (FRN 900960); UK accounts as agent of PrePay Technologies; owned by Pockit.

Where is your money held?

Custody model: Custodial.

Monese runs on: Thought Machine (core banking platform) · Edenred Payment Solutions (BaaS / e-money platform). Full stack on the infra map.

Who's behind Monese?

Monese was founded by Norris Koppel (2013), headquartered in London, UK.

Early investors

Notable venture and strategic investors from Monese's publicly disclosed funding rounds (~$200M raised).

Kinnevik ↗ PayPal Ventures ↗ Augmentum Fintech ↗ HSBC ↗

Is my money safe with Monese?

As an e-money institution, Monese safeguards funds in segregated accounts rather than insuring them as deposits. That protection works differently from a bank — money is generally not covered by deposit-guarantee schemes, though it must be ring-fenced from the company's own funds.

go deeperSee the full Monese profile with every verified field, or Monese alternatives. Raw fields: data.json.

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.