Monese launches partnership with Avios following Series B investment

Keiligh Baker's picture

Monese, the globally-connected banking service, has joined up with Avios, the loyalty currency, so users can easily track and maximise their Avios balance and check their transactions.

This is the world’s first current account linked with Avios and it offers a new, seamless financial and lifestyle management service for mobile people.

Sitting within the Monese app, Avios will appear as a separate account, alongside other Monese currency accounts such as euros and pounds.

This allows customers to track and maximise their Avios as they fly, travel, or spend across hundreds of Avios partner brands such as ASOS, John Lewis and Just Eat.

Monese offers instant, smart and connected banking services for a fast-growing and internationally mobile customer base. Customers can track and manage all travel and finances, including Avios earned on any credit cards, in one place, via one, simple-to-use app.

As customers travel and earn Avios, they can seamlessly switch between their Avios account – linked to British Airways Executive Club –  and their UK, European and business current accounts all from within the Monese app.

Norris Koppel, CEO and Founder at Monese, said: “We are delighted to be announcing this partnership with Avios, following our successful Series B fundraise. We’re proud to offer customers a smart, portable and seamless way to manage their lifestyles, as well as their finances."

Andrew Crawley, CEO, Avios Group, said: “Partnering with Monese is a significant move to making it even more convenient for customers to track their Avios while on the go. We look forward to working with Monese on our exciting plans to make collecting and spending even more rewarding.”

The news follows Monese securing $60miillion in Series B funding in September 2018, which has paved the way for an aggressive product roadmap.

The round was led by Kinnevik, a global investor focused on digital businesses, with participation from PayPal, European investor Augmentum Fintech and International Airlines Group for its loyalty and data business Avios Group Ltd.