We’ve acquired financial services provider Trezeo
We’re moving into the credit and lending space
By Melissa on December 20, 2021
We’re excited to announce our acquisition of Trezeo, the award-winning Dublin and London-based specialist financial services provider for the self-employed.
This is our first acquisition at Monese and it’s part of our wider push into credit and lending for independent, self-employed workers and those with untraditional lives and work.
Trezeo offers a unique subscription-based income smoothing and digital financial safety net to the UK’s independent workers, gig workers and the self-employed. Trezeo is an FCA authorised lender and backed by many highly experienced investors and partners including: Barclays, through its accelerator powered by Techstars; Ireland’s national start-up accelerator program, NDRC; and Nationwide through its Open Banking for Good challenge. The company was founded in 2016 by Garrett Cassidy and Flavien Charlon.
We’re two companies with a shared vision for the future of financial services; both serving independent, gig economy and nontraditional workers, and we both have a deep passion for engineering excellence in product development.
Norris Koppel, Founder and CEO of Monese, said: “We’re very excited to be announcing this acquisition today. This is the start of us moving further into credit and lending and broadening our services for independent and self-employed workers, which will significantly enhance our offering to our existing customers. Many of Trezeo’s target customers are our customers: gig workers, side-hustlers, go-getters and all those working towards achieving their dreams. We know these workers are looking for more of a safety net, particularly when it comes to accessing credit.
“Modern, digital financial services have a great opportunity to serve this ever-growing workforce and help them juggle the pressures and priorities of post-pandemic life”.
Garrett Cassidy, CEO and Founder of Trezeo, said: “We are very pleased to be announcing the acquisition of the business by Monese. We started Trezeo five years ago with the ambition to serve the independent and self-employed workers who power towns and cities. We have since developed a totally unique financial services platform for this rapidly growing workforce.
“This acquisition allows us to continue to deliver our mission, under the Monese brand, to a much bigger audience across Europe. We are two companies that are very closely aligned in mission and purpose. We’re very excited about what we can achieve together”.
Following the combining of Monese and Trezeo, we’ll have a team on the ground in Ireland and we’ll be launching credit and lending in the UK – crucial for customers. So stay tuned and watch this space!