Wednesday, 4 January 2017

Monese raises $10M Series A for its banking app targeting immigrants and expats


Monese, the London-based fintech startup that offers a portable managing an account application for workers and expats who may some way or another think that its hard to open a ledger outside of their beginning nation, has brought $10 million up in Series A financing.

The organization arrangements to utilize the new money to dispatch an Euro account, along these lines conveying its administration to clients in European markets other than simply the U.K., and in addition take off new usefulness, for example, coordinate charge and credit administrations. This will convey the Monese application significantly more like a completely fledged current record offered by a conventional bank.

Backing the startup's A round are fintech financial specialist Anthemis Exponential Ventures (which beforehand upheld challenger bank Simple), STE capital, and Korea Investment Partners.

The last as of late put resources into Korea's first Internet-just bank Kakao Bank and is depicted as a "vital speculator" with connection to Monese. It is additionally the first run through Korea Investment Partners has supported an European startup.

Past financial specialists Smartcap and Seecamp likewise partook in the round. It brings add up to subsidizing raised by the organization to $15.8 million.

0 comments:

Post a Comment