Monese is a UK digital banking app offering multi-currency current accounts, contactless Mastercard debit cards, international money transfers and budgeting tools, aimed at migrants, expats, travellers and others underserved by high-street banks; accounts open in minutes with no UK credit history required. It operates as an e-money institution with safeguarded funds rather than as a licensed bank. Its XYB banking-as-a-service platform was separated into an independent company in May 2024, and Monese itself was acquired by UK fintech Pockit in October 2024, since when both brands have continued to run separately.
Monese has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2014
Total Funding
$196.8M
6 rounds
UK fintech Pockit agreed to acquire Monese, with up to £15m of equity from Pockit's shareholders to fund integration; purchase terms undisclosed.
Pockit founder Virraj Jatania now leads Monese; founder Norris Koppel stayed only through the transition.
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $196.8M across 6 rounds
Last updated 09-16-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| May 2, 2024 | Undisclosed round | Not disclosed | — | Not disclosed |
| Sep 20, 2022 | Strategic investment TechCrunch | $35M | — | HSBC Ventures |
| Sep 2021 | Series C | $90M | — | Investec |
Virraj Jatania
CEO
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