Case Study: Monese achieves instant mobile bank accounts and fast, low-cost international payments with Currencycloud

Providing instant bank accounts through Monese

Monese, founded in 2015, is a mobile-first banking service that lets new UK residents open an account in about three minutes without credit checks. Facing licensing and regulatory hurdles for international payments, Monese chose to integrate with Currencycloud—using Currencycloud’s API and payment engine—instead of building its own system or relying on SWIFT.

Currencycloud provided a compliant, scalable platform and well‑documented API that one Monese developer integrated in about two hours, removing operational and regulatory burdens and enabling fast, streamlined international payments. As a result, Monese launched in late 2015 with thousands of customers, processes cross‑border payments quickly, and delivers costs 8–10x lower than traditional banks—savings Currencycloud’s integration lets Monese pass directly to customers.

Monese

Norris Koppel

Founder & CEO