Metro Bank
Description
Metro Bank plc is a retail and commercial bank operating in the United Kingdom, founded by Anthony Thomson and Vernon Hill in 2010. At its launch it was the first new high street bank to launch in the United Kingdom in over 150 years. It is listed on the London Stock Exchange.
Overview
| Type: | Private |
| Funding Status: | M&A |
| Foundation year: | 2010 |
| Location: | London, United Kingdom |
| Number of employees: | 501-1000 |
| Founders: | Anthony Thomson, Vernon Hill |
| Website: | https://www.metrobankonline.co.uk/ |
Target geographic market:
Europe
Awards:
Moneynet Awards 2019: Best All Round Personal Finance Provider, Best Business Credit Card
About Product/Service
| Valuation | Public, £197m |
|---|
| Product cost | - |
|---|---|
| Other | Metro Bank was acquired by First National Bank on Aug 4, 2015 |
Funding rounds
| Last Funding Date | N/A |
|---|---|
| Last Funding Amount | N/A |
| Last Funding Type | N/A |
| Total Funding Amount | N/A |
| Number of Funding Rounds | N/A |
Financials
| Customer/Products segments | Business Accounts, Business Lending, Consumer Lending, Credit Card:Mastercard, Individual/Retail Accounts, Overdrafts, Remittance/International Transfers, Multi-Currency Accounts |
|---|---|
| Banking license | Have a full banking license |
| Estimated revenue | $100M to $500M |
| Number of investors | N/A |
| Number of lead investors | N/A |
| Names of lead investors | First National Bank |
| M&A | Metro Bank has acquired RateSetter on Aug 3, 2020, for £12M. |
Tech stack
Competitors
| Founding Date | Type | Tags | |
x Nubank Nubank is the leading digital finance company in... | 2013 | Private | fintech, challenger banks |
x OakNorth OakNorth is a credit science platform that... | 2015 | Private | fintech, challenger banks |
x Gemalto Gemalto is an international digital security... | 2006 | Private | Gemalto |
x Coconut Coconut is the current account that takes care of... | 2016 | Private | Challenger banks, fintech |
x Current Current's CEO Stuart Sopp founded Current with... | 2015 | Private | challenger banks, fintech |
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