This startup operates a digital bank tailored for professionals, investors, and entrepreneurs, offering current accounts and loans specifically for buy-to-let and property investments through a fully digital platform. Clients can engage with relationship managers via video calls, enabling them to monitor their net worth and receive professional financial advice online.
Funding
$158.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional banking services often overlook the specific needs of professionals, investors, and entrepreneurs who require sophisticated tools for managing and growing their wealth. Existing solutions may lack personalized support and integrated wealth-tracking capabilities, making it difficult for these individuals to optimize their financial strategies.
Solution
Monument provides a digital banking platform tailored for professionals, investors, and entrepreneurs, offering a suite of savings accounts and membership benefits designed to help clients grow and enjoy their wealth. The platform offers a range of savings accounts, including Easy Access Savings, Limited Access Saver, Fixed Term Deposits, Notice Accounts, and an Easy Access Cash ISA, all with competitive rates and FSCS protection up to £85,000. Clients can open an account in minutes through the intuitive mobile app and access a UK-based client services team for personalized support. The Monument Membership unlocks wealth-tracking tools and lifestyle benefits, helping clients manage their finances and enjoy the rewards of their success.
Target Audience
Monument primarily targets professionals, investors, and entrepreneurs seeking a digital banking platform with sophisticated wealth management tools and personalized support.
Features
- Range of savings accounts: Easy Access Savings, Limited Access Saver, Fixed Term Deposits, Notice Accounts, and Easy Access Cash ISA
- Competitive interest rates on all savings accounts
- FSCS protection up to £85,000 for eligible savings
- Intuitive mobile app for account opening and management
- UK-based client services team available via in-app chat or phone
- Wealth-tracking tools to monitor financial progress
- Exclusive Membership Saver account with enhanced rates
- Lifestyle benefits to complement wealth management
- Fixed Term Account savers are rewarded with a special rate for their loyalty