Monument
Digital-first, high-end banking
- 21-100 employees
- B2C
- Banking
- Personal finance
- Financial Services
- Marylebone, London, UK
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Company mission
Their mission is to empower prosperity.
Our take
In recent years, new challenger banks have mainly targeted younger, middle-income users, leaving high-income individuals underserved. Monument solves this problem by offering "mass affluent" customers finance and savings solutions.
Monument is headed up by an experienced board and executive team of Barclays, Goldman Sachs and HSBC alumni, which has lent it considerable weight despite its relative infancy. Monument targets people with assets worth over £250k - a highly lucrative demographic. Having secured its UK banking licence in 2021, Monument is now intent on growing its user base rapidly.
Monument's main challenge will be drawing customers away from banking services that are one step beyond that of traditional retail banks and bridging the gap between them and private banking. This puts Monument up against Barclays Premier and HSBC Premier. However, its innovative digital-first approach and impressive early-stage funding could make it a real contender in the competitive UK banking market.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 28 days Annual Leave (plus bank holidays)
- Royal London Pension
- Private Medical Insurance
- Life Insurance
- Discretionary and Performance-Related Bonus
- Options (for permanent employees)
- Cycle to Work Scheme
- Perkbox
- Electric Vehicle Scheme
Funding (2 rounds)
Nov 2023
$50m
SERIES B
Feb 2021
$36.1m
SERIES A
Total funding: $86.1m
Leadership
Mintoo Bhandari
(Head of Global Institutional Relationships)Was Private Equity & Hedge Fund Manager at the Harvard Management Company, and Managing Director & CEO of The VIEW Group. Was a Senior Partner of Apollo Global Management for over 11 years.