Monite is a technology company.
Monite has raised $12.0M across 3 funding rounds.
Monite has raised $12.0M in total across 3 funding rounds.
Monite has raised $12.0M in total across 3 funding rounds.
Monite's investors include Third Prime, Valar Ventures, 2xN, B Capital Group, Citi Ventures, Commerce Ventures, FinTech Collective, Innovation Endeavors, March Capital, Moonfire Ventures, Ann Bordetsky, Oak HC/FT.
Monite is a Berlin-based fintech company founded in 2020 that builds a finance automation platform for embedded finance, enabling B2B software providers like vertical SaaS platforms, neobanks, and marketplaces to integrate invoicing, accounts payable (AP), accounts receivable (AR), payments, expense management, and compliance tools into their products.[1][2][3][5] It serves B2B platforms seeking to expand into "Super Apps" for SMBs by embedding robust financial workflows, solving the problem of fragmented financial administration that hinders scalability and user retention.[1][3][4] Monite's growth momentum is evident in rapid integrations—such as Mollie adding full revenue management in 6 weeks and Payoneer launching AR features in six weeks—alongside adoption by dozens of platforms worldwide, including Firstbase, with AI-native APIs promising faster launches (two developers in 2 weeks).[5]
Monite was co-founded in 2020 by Ivan Maryasin (CEO) and Andrey Korchak (CTO), with Aleksey Akimov as Head of API, and is headquartered at Friedrichstrasse 68 in Berlin, Germany.[1][2] The idea emerged from early attempts to sell directly to SMBs, which proved challenging; founders pivoted to partnering with trusted platforms like neobanks, payments providers, and vertical SaaS (e.g., for barbershops or solar installers), recognizing that SMBs prefer added functionality within existing tools.[1] This shift unlocked early traction by positioning Monite as an embeddable layer for financial operations, evolving from basic automation to a microservice-based SaaS with AI-driven features like invoicing and bill pay.[3][5]
Monite rides the embedded finance wave, where B2B platforms evolve into all-in-one "Super Apps" amid rising demand for unified financial tools in fragmented SMB ecosystems.[3][4] Timing aligns with fintech maturation—post-2020 growth in neobanks, vertical SaaS, and BNPL—fueled by market forces like regulatory compliance needs (e.g., e-invoicing) and SMB digitization.[1][5] By enabling platforms to own financial flows, Monite influences the ecosystem through higher retention and revenue for partners, accelerating super-app adoption and reducing reliance on siloed fintechs.[1][4][5]
Monite is poised to dominate embedded finance with AI enhancements and global expansions, potentially capturing more verticals like e-commerce and professional services as platforms prioritize sticky financial features.[1][5] Trends like AI automation and real-time payments will amplify its edge, evolving its influence from enabler to standard for B2B super-apps. Watch for deeper enterprise integrations and possible funding rounds to fuel international scaling, solidifying its role in automating the financial backbone of tomorrow's platforms—much like its pivot unlocked early wins.
Monite has raised $12.0M across 3 funding rounds. Most recently, it raised $6.0M Seed in February 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2024 | $6.0M Seed | Third Prime, Valar Ventures | |
| Feb 1, 2022 | $5.0M Seed | 2xN, B Capital Group, Citi Ventures, Commerce Ventures, FinTech Collective, Innovation Endeavors, March Capital, Moonfire Ventures, Ann Bordetsky, Oak HC/FT, Point72 Ventures, Presight Capital, Reciprocal Ventures, Seedcamp, Stash Ventures, Team Ignite Ventures, Valar Ventures, WorldQuant Ventures, Y Combinator, Zeev Capital, Bradley Horowitz, David Marcus, Derrick Li, Gloria Baeuerlein, Gokul Rajaram, Jacqueline Reses, Johan Lorenzen, Oleg Tscheltzoff, Oliver Jung, Paul Veugen, Phillip Chambers, Scott Belsky, Stewart Butterfield, Tuomas Artman, Third Prime | |
| Jan 1, 2021 | $1.0M Seed | Acrobator Ventures, Bessemer Venture Partners, Creandum, DST Global, General Catalyst, Index Ventures, Point Nine Capital, Techstars, Tomahawk.VC, Zhenya Rozinskiy |