Monese news and trends

HSBC Ventures Pours $35M Into Mobile Money App Monese for Expansion
Investments // September 21, 2022

Monese has announced a $35 million investment from HSBC, which now sees Monese’s total raised to $208 million, a press release said. Both companies are looking at expanding their digital banking possibilities, with HSBC’s investment part of a “broader, strategic partnership” to focus on Monese’s...

Digital Banking App Provider Ranking Strikes Gold with 3 Perfect Scores
Digital-First Banking // June 03, 2022

There’s a wealth of top-ranked apps to consider in the latest edition of PYMNTS’ Provider Ranking of Digital Banking Apps because three contenders have achieved a perfect score of 100.  With those three apps now sharing the No. 1 position, they left some empty seats at...

Digital Banking App Provider Ranking Is a Competitive Blur of Innovators
Digital Banking // February 14, 2022

Digital bank much? Looking at PYMNTS latest Provider Ranking of Digital Banking Apps, one can certainly conclude that interest in these powerful apps is rising like mad. We have a habit of going on and on when what people really want is to know who’s...

EMEA Daily: Social Media Giants Join Forces to Fight Germany’s Tough Online Hate Speech Rule;...
International // February 03, 2022

In today’s top Europe, Middle East and Africa (EMEA) news, four social media giants are suing the German government over its online hate speech law, and a European privacy protection watchdog has ruled the AdTech industry is violating privacy rules. Plus, European restaurant owners regain...

Interviews & Exclusives
Neobank Fills Primary Account Need for EU’s ‘Credit Invisibles’

February 03, 2022
For a very large population of customers in the United Kingdom who are ‘credit invisible’ — meaning they have little or no credit history with credit agencies — accessing credit or affordable lending is often an uphill battle. Most of these people are immigrants and expatriates who are new to the country and can’t provide […]

Quick Reads
HSBC Ventures Pours $35M Into Mobile Money App Monese for Expansion

September 21, 2022
Monese has announced a $35 million investment from HSBC, which now sees Monese’s total raised to $208 million, a press release said. Both companies are looking at expanding their digital banking possibilities, with HSBC’s investment part of a “broader, strategic partnership” to focus on Monese’s cloud-based Platform as a Service business. Taylan Turan, Group Head […]

Monese Acquires ‘Income Smoothing’ Firm Trezeo

December 21, 2021
U.K. challenger bank Monese has acquired Trezeo, a financial services provider for self-employed workers. The London-based company announced the acquisition — its first — on its website, saying it was...

Payments Provider PPS Launches Google Pay in the UK

November 30, 2021
European digital banking and payments provider PPS has debuted Google Pay functionality in the U.K. through challenger bank customer Monese, according to a press release. The rollout signifies growth for...

Monese Adopts Thought Machine’s Vault Cloud Banking Platform

October 05, 2020
Europe’s Monese, which touts itself as a mobile-first, multi-lingual, transnational provider of consumer and business banking services that operates in 31 countries using 14 languages, is adopting Thought Machine’s cloud...