Challenger bank Monese goes pan-European with mobile current account

Digital bank Monese coming to Europe

UK-based digital bank Monese has expanded its current account service to 19 countries in Europe, enabling customers to open bank accounts and “bank like a local”, even if they are not a local resident.

Monese debuts direct debits to challenge traditional banks

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Mobile-only bank Monese has unveiled direct debit functionality for its customers – a move designed to offer services closer to that of a traditional high street bank account. Alongside this, it has also gained access to Faster Payments, so customers can send funds to accounts outside or within the UK with a “quicker transfer”. In […]

Digital bank for migrants and expats, Monese, raises $10m

Digital bank Monese coming to Europe

Monese, a mobile-only bank founded by Norris Koppel, an Estonian expat in London, has raised $10 million in Series A funding round as it looks to go pan-European.