Start-up & Funding
Monite Rockets to $17.4M, Fueling Global Embedded Finance Push
B2B finance gets a rocket boost! Monite grabs $6M to embed seamless invoicing & payments in platforms.
B2B finance automation startup ‘Monite’ takes flight with a $6 million boost, bringing its total seed funding to $17.4 million. This latest round, led by Valar Ventures and Third Prime, propels Monite’s mission to become a global leader in embedded finance.
Key takeaways:
- B2B finance automation leader Monite secures $6 million.
- Offers API-driven solutions for invoicing, payables, expenses, and accounting.
- US expansion is a top priority.
Launched in 2020, Monite empowers B2B platforms with powerful API-driven solutions. These solutions seamlessly integrate invoicing, payables automation, expense management, and accounting features. This allows banks, neobanks, and SaaS companies to offer these tools to their clients in weeks, ditching the traditional 2-year development cycle and hefty costs.
“We saw businesses buried under paperwork and manual processes,” says CEO Ivan Maryasin. “Monite offers a unified solution, saving them time and money by consolidating fragmented systems.”
With over 28 platform clients across regions, Monite is already making waves. The fresh capital will fuel team and product scaling, with a laser focus on US expansion.
This investment from renowned backers like Valar Ventures validates Monite’s potential to disrupt the B2B finance landscape. As businesses demand integrated financial experiences, Monite is poised to capture a significant share of this booming market.
Beyond Europe: Setting Sights on the US
Monite isn’t just making waves in Europe; it’s setting its sights on the US market, a massive opportunity for embedded finance solutions. Monite’s proven technology, growing client base, and experienced team will be key assets in its US expansion strategy.
The Future of Embedded Finance
Monite’s success highlights the growing demand for seamless and integrated financial experiences within existing platforms. Its API-driven approach offers a powerful solution and its latest funding positions it for continued growth and leadership in the embedded finance space.