The digital bank already has offices in London and Tallinn.
Digital bank Monese is keeping busy.
Just a week after launching the first of its business accounts, the paid-for digital banking service has opened its third international office in Lisbon. Its existing premises are in London and Tallinn, giving it a trio of well-renowned tech hubs for bases.
Monese’s Lisbon office will be focused on development and community engagement and will house 25 employees by the end of the year, all of whom will be new hires. It says the new office will help it respond to swelling demand in the UK and Europe.
Carla Batista has been appointed operations manager for the new office, having previously served a fourteen-year stint at Visa Europe.
Monese, which competes with the likes of Monzo, Revolut and Starling Bank, scooped a $60m Series B fundraise in September, with Kinnevik taking the lead. The banking challenger said that the funds would be used for product development and international expansion, and has since moved quickly on both fronts.
Norris Koppel, founder and CEO of Monese, said in a statement: “Following the great success of Monese’s banking services in the UK and Europe, we are excited to open our new office in Lisbon, which is the next step in our international expansion. Lisbon is one of the top locations in Europe for tech and there’s a huge amount of potential when it comes to attracting, recruiting and working alongside Europe’s brightest tech talent. Our Lisbon office will be integral to our continued delivery of a popular, trusted and high-quality product, as well as a great experience for all Monese customers.
Join AltFi at their fourth annual Australasia Summit to examine the future of lending in Australia. Where we present best practices across, technology, partnerships, open banking, governance, data access, consumer experience, capital markets & funding, the role of government and regulation.