For Banking App Monese, Founded To Serve Migrants, Brexit Has Been Good For Business - Rickey J. White, Jr. | RJW™
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For Banking App Monese, Founded To Serve Migrants, Brexit Has Been Good For Business

For Banking App Monese, Founded To Serve Migrants, Brexit Has Been Good For Business

The London-based company raised $10 million last week to support its growth in Europe.

The London-based company raised $10 million last week to support its growth in Europe.

Serial entrepreneur Norris Koppel, an Estonian by birth, understands all too well the challenges faced by immigrants. When he moved to the United Kingdom 17 years ago, he was denied a bank account because he didn’t have a British credit history or utility bills. Unable to get paid and unable to rent an apartment, it was “humiliating,” says Koppel. In 2013, after selling a successful fintech startup, he resolved to make banking better for the U.K.’s 3.5 million migrants—and ultimately for the 247 million migrants worldwide.

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Source: Fast Company

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