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British FinTech Unicorn Monese Is Exploring Crypto Products
Summary: The Block quoted two people familiar with the matter as saying that Monese, a financial technology start-up based in London, UK, is exploring the launch of crypto products through its mobile money app. Monese has negotiated potential cooperation with cryptocurrency exchanges, but the exact timeline is unclear. A spokesperson for Monese stated that the company ...
The Block quoted two people familiar with the matter as saying that Monese, a financial technology start-up based in London, UK, is exploring the launch of crypto products through its mobile money app.
Monese has negotiated potential cooperation with cryptocurrency exchanges, but the exact timeline is unclear. A spokesperson for Monese stated that the company has "no immediate plans" to launch crypto products.
Founded in 2012, Monese mainly provides mobile banking application services for immigrants who do not have a local credit history.
According to a report from Financial Times, Monese has successively received financial support from investment institutions such as PayPal, British Airways, INVC Fund, and Kinnevik.
Monese's valuation exceeded 1 billion pounds in 2020, making it one of the financial technology unicorns.
By Mary Liu
