Number of customers as per the most recent data availableValuation as per the most recent funding roundFinancial data converted to USD, based on the following exchange rates: GBP / USD = 1.23 ; EUR / USD = 1.10 ; CAD / USD = 0.75 ; DKK / USD = 0.15 ; BRL / USD = 0.24
1.2.3.
Pricing of loans and deposits based on the home countryFinancial data as per the most recent annual financial statements Monese offers a marketplace with partners including insurance providers and has a partnership with Raisin for access to their savings marketplace. The deposit rate refers to the interest rate offered at Raisin
4.5.6.
Sources: Company Websites, Annual Reports, Press Search, Fincog Analysis
Notes:
Fincog Benchmark On Challenger Banks' Features And Profitabilitycomparison of challenger banks that are centered around debit- or prepaid cards, October 2019
Valuation Per Customer ($)Loans Per Customer ($)Deposits Per Customer ($)Income Per Customer ($)Cost Per Customer ($)Net Profit Per Customer ($)
n/a
-
6,636
19.72
-369.12
-349.40
103
72
n/a
32.38
-35.90
-18.35
n/a
n/a
n/a
-19.78
-12.70
-30.28
833
130
49
1.59
-14.68
-2.01
1,000
64
129
0.31
-10.00
-10.07 RATI
O P
ER C
UST
OM
ER
250
n/a
n/a
n/a
n/a
-5.76
799
6
183
3.63
-23.76
-18.71
n/a
n/a
n/a
-1.02
-10.62
-10.98
Total Customer Loans ($M)3,5
Total Customer Deposits ($M)3,5
Total Income ($M)3,5
Operating Cost ($M)3,5
Net Profit ($M)3,5
-
232.3
0.7
-12.9
-12.2
64.8
n/a
29.1
-32.3
-16.5
n/a
n/a
-2.6
-1.7
-3.9
1,565.7
584.6
19.1
-176.2
-24.1
223.7
453.0
1.1
-35.0
-35.3
KEY
FIN
ANCI
ALS n/a
n/a
n/a
n/a
-40.3
19.7
568.0
11.3
-73.6
-58.0
n/a
n/a
-1.4
-14.9
-15.4
N26 BUNQ MOGO LUNAR NUBANK
Feb-13 Mar-12 Aug-03 Aug-15 May-13
Bank Bank Bank BankCredit Institution, Mortgage Broker,
Whitelabel Prepaid Card
Retail& Business
Retail& Business
Retail& Business
Retail(& waiting listfor Business)
Retail
Founded
Germany Netherlands Canada Denmark BrazilHome Country
Legal Status
EEA, Switzerland, USA, (+ Brazil coming soon)
Fully active in Germany, Austria,
Italy, Spain, France, Belgium and
Ireland, expanding to rest of Europe
Norway,Sweden
Argentina, Mexico(waiting list
for both)
-International Presence
Customer Segments
3.5 0.035 0.130 12.00.900Number of Customers (M)1
683 49 53 1,100201Total Funding ($M)3
3.5 n/a n/a 10.00.093Valuation ($B)2,3
PRO
FILE
REVOLUT
Jul-15
E-moneyInstitution & Bank
Retail& Business
UK
EEA, Australia, Canada, Singapore, Switzerland, USA (+ expanding to 24
other countries worldwide)
7.0
336
1.8
Feb-15
Bank
Retail& Business
UK
USA(waiting list)
3.1
399
2.5
MONZO
Oct-13
E-money Institution& Credit Institution
Retail& Business
UK
EEA
1.4
80
n/a
MONESE
KEY
FEAT
URE
S
Current Account (incl. Debit / Prepaid Card)International TransfersCredit CardSavings AccountInvestmentsPersonal LoansResidential MortgagesBusiness LoansInsurance 6
6
- - - - -
-
-
- -
-
-
-
-
-
-
-
-
-
-
----
-
-
-
-
-
- -
-
-
-
-
-
-
-
1.99% - 19% p.a. n/a 5.9% - 45.9% for Personal Loans,
2.59% - 2.85% for 3-5yr Mortgages
0% - 46.6% for Personal Loans
28% - 80% for Personal Loans,
27%-435% for Credit Cards
up to 1.48% 0.27% 6.27%n/a 0%
Free Current AccountPremium AccountsLending Rates (%)4
Deposit Rates (%)4
FEE
STRU
CTU
RE
12.5% - 25% APR for Business Loans
0%
3.7% - 19.5% APR on Personal Loans, and £0.50 per day
for overdrafts (max. £15.50 p/m)
up to 1.50 %
n/a
up to 0.70%6
- -
-
-
