| Founded | 2015 |
|---|---|
| Closed | 2024 |
| Country | UK |
| Sector | Fintech |
| Total raised | £119M (PayPal Ventures, Kinnevik, Augmentum Fintech, 2015–2021) |
| Collapse type | Silent Shutdown |
| Founder | Norris Koppel |
Monese
"UK neobank for migrants and the underbanked raised £130M over 9 years. Couldn't reach profitability. Shut down September 2024."
Quiet closure with no public announcement
Key Events Timeline
Monese was founded in 2015 by Norris Koppel in London with a mission grounded in personal experience: as an Estonian immigrant in the UK, Koppel had struggled to open a bank account because he lacked a UK credit history and a UK permanent address.
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