# Monite: Financial services, London, United Kingdom

> Monite: Monite is a fintech company based in Berlin, founded in 2020. Based in London, United Kingdom. Founded 2020.

Source: https://millionrounds.com/startup/monite (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Financial services startup](https://millionrounds.com/companies)

# Monite

Monite is a fintech company based in Berlin, founded in 2020.

Funding reported Last round: Seed

Financial services London, United Kingdom

Company summary

- **Founded:** 2020 6 years old
- **Team:** 19 11 to 50 people
- **Funding reported:** 17.4M as listed, currency not stated
- **Last round:** Seed Feb 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Monite has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Monite

Monite is a fintech company based in Berlin, founded in 2020.

It specializes in providing a financial automation platform designed for B2B platforms, neobanks, and fintechs. Monite's services include automated invoicing, accounts payable and receivable, expense management, and payment solutions, all of which can be embedded into existing business interfaces. The company offers an API-first, fully embeddable SaaS platform that allows businesses to automate core financial workflows quickly. Its product suite features AI-driven invoicing, bill payment automation, expense management tools, and cash flow management, among others. Monite focuses on serving B2B platforms that cater to small and medium-sized enterprises, enabling them to integrate financial functionalities without needing a financial license. With a mission to transform SME finance, Monite operates in the US, UK, and major European markets, helping businesses streamline their financial operations and reduce reliance on manual processes. The company has raised approximately $22.79 million in funding from various investors.

## What company datasets say Monite raised

Funding, as reported

Reported in all **17.4M** in the source's currency

Rounds **4**

Last round **Seed**

Last round date **Feb 2024**

Investors listed **25**

## Founders and team

From Monite's own website: 4 founders, 8 on the team.

**Ivan Maryasin** CEO / Co-Founder

**Adrian Mol** Founder of Mollie

**Prajit Nanu** Founder of Nium

**Victor Jacobsson** Co-Founder at Klarna

- **Alex Akimov** CTO
- **Sophie Haagensen** COO
- **Andrei Ifrim** Head of Engineering
- **James Regan** VP of Sales
- **Jason Pate** Head of Finance, Business Development at Plaid
- **Kirsty Callaghan** Head of Marketing
- **Marc Perez** Head of Frontend
- **Sam McLean** Head of Design

## On 5 portfolio pages

Investors who name them

- [365.fintech](https://millionrounds.com/fund/365-fintech)
- [Third Prime](https://millionrounds.com/fund/third-prime)
- [tomahawk.vc](https://millionrounds.com/fund/tomahawk-vc)
- [Coalition Capital](https://millionrounds.com/fund/coalition-capital)
- [Tomahawk Ventures](https://millionrounds.com/fund/tomahawk-ventures)

Each firm lists Monite on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

transaction fees user experience white-label solutions digital payments bnpl integration consumers invoice factoring whitelabeled solutions distribution market segmentation payment automation multi-region compliance ocr api-first platform customizable invoices automated invoicing

Built with from their website

Google Tag Manager WordPress.org MailChimp Google Workspace CloudFlare Viewport Meta Lucide PostgreSQL webpack Merge

+8 more

Amazon S3 AI Google Meet Prometheus Priority Hints React Google Font API Salesforce

- **Sector:** Financial services
- **Industry code:** NAICS 54151, 513210, SIC 7375, 7372
- **Region:** England
- **Part of:** OakNorth
- **Revenue:** 8M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/monite)

## Financial services in United Kingdom

Startups like it

- [**Atom bank** Newcastle upon Tyne · founded 2014 *Raised*](https://millionrounds.com/company/atom-bank)
- [**Rapyd Financial Network** Startup *Raised*](https://millionrounds.com/company/rapyd-financial-network)
- [**Stenn** London · founded 2015 *Raised*](https://millionrounds.com/company/stenn)
- [**Paymentology** London · founded 2015 *Raised*](https://millionrounds.com/company/paymentology)
- [**9fin** London · founded 2016 *Raised*](https://millionrounds.com/company/9fin)
- [**Elliptic** London · founded 2013 *Raised*](https://millionrounds.com/company/elliptic)
- [**Fnality** London · founded 2019 *Raised*](https://millionrounds.com/company/fnality)
- [**Nutmeg** London · founded 2012 *Raised*](https://millionrounds.com/company/nutmeg)

## Is this your company?

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