Virtual IBAN provider

Key Data

Monneo is a virtual IBAN provider for eCommerce merchants and B2B fintech companies. The company provides eCommerce merchants with multiple bank accounts at multiple banks through one platform.

They are headquartered in London, UK and we offer international payments in 134 different currencies.


The core solutions include SWIFT multi-currency for international payments, SEPA Euro within the Eurozone, GBP Faster Payments and CHAPS in the UK and FX in 134 currencies.

Merchants can receive settlements from their acquiring banks and payment service providers to those IBANs and send out payments to maintain their day-to-day business operations. This simplifies administration processes for businesses and provides enhanced connectivity to a well-established banking network.

Their service includes:


On May 30, 2023, the United Kingdom Court ordered a special administration for Monneo Ltd. under the Payment and Electronic Money Institution Insolvency Regulations 2021. Daniel Conway, David Hudson and Paul Allen of FRP Advisory were appointed joint special administrators (JSAs).


Due to the threat of insolvency and the special administrators stages announced by the FCA as the company for the time being on RED.

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