Fintech in London and Europe as a whole remains fertile, including a number of startups attempting to innovate around the humble bank account. Best known is perhaps Germany’s Number26, the mobile banking app backed by Peter Thiel’s Valar Ventures. And just this week we covered the pending battle between Starling and Mondo, two mobile-first startups hoping to become fully licensed U.K. banks in their own right.
Now news comes of another new banking upstart: Monese is a soon-to-launch U.K./European mobile banking service for immigrants and expats who might otherwise find it difficult to open a bank account outside of their originating country.
The London, U.K. and Tallinn, Estonia-based company is disclosing that it’s picked up $1.8 million in backing from pan-European accelerator Seedcamp, the taxpayer-funded VC SmartCap, and Spotify advisor and investor Shakil Khan, amongst others.
“All you need from a bank, without the bank,” reads Monese’s signup…
View original post 369 more words