Loading organizations...
Monite provides embedded financial automation, enabling B2B platforms to integrate invoicing, accounts payable, and expense management. Leveraging a customizable API and AI-native architecture, it provides robust, rapidly deployable solutions. Capabilities include professional invoicing, AI-driven OCR for bills, and expense tracking, ensuring efficient platform integration.
Founded in 2020 by Ivan Maryasin and Alex Akimov, Monite emerged from their deep fintech and B2B operational insight. Maryasin built an EU SMB neobank; Akimov led Adyen's API development. They recognized small businesses’ inefficiency from fragmented tools, leading to their modular integrated automation solution.
Monite serves B2B platforms like fintech SaaS and neobanks, helping them become comprehensive financial hubs. Its vision is to transform SMB finance by embedding advanced automation directly into daily platforms. This streamlines operations, reduces leakage, and strengthens client-supplier relationships, guiding the B2B ecosystem to efficient financial management.
Monite has raised $18.3M across 5 funding rounds.
Monite has raised $18.3M in total across 5 funding rounds.
Monite has raised $18.3M across 5 funding rounds. Most recently, it raised $6.0M Seed in February 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2024 | $6M Seed | Third Prime, Valar Ventures | DR. Ralph Müller, Oliver Mihm | Announced |
| Mar 20, 2023 | $5M Seed | Michael KIM | Adriaan MOL, Igor Kuschnir, Jason Pate, Phillip Valka, Prajit Nanu, Victor Jacobsson, Audeo Ventures, Long RUN Capital, S16VC | Announced |
| Feb 23, 2022 | $5M Venture Round | Pete Casella | Adriaan MOL, DR. Ralph Müller, Jason Pate, Jonathan Weiner, Phillip Valka, Victor Jacobsson | Announced |
| Mar 4, 2021 | $1.3M Pre Seed | — | Alfred Schorno, BAS Godska, Cornelius Walter, DR. Ralph Müller, Lars Stoy, Inventures, Runa Capital, Signals Venture Capital, Cédric Waldburger | Announced |
| Jan 1, 2021 | $1M Seed | — | Acrobator Ventures, Bessemer Venture Partners, Creandum, DST Global, General Catalyst, Index Ventures, Point Nine Capital, Techstars, Tomahawk.vc, Zhenya Rozinskiy | Announced |
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 $18.3M in total across 5 funding rounds.
Monite's investors include Third Prime, Valar Ventures, Dr. Ralph Müller, Oliver Mihm, Michael Kim, Adriaan Mol, Igor Kuschnir, Jason Pate, Phillip Valka, Prajit Nanu, Victor Jacobsson, Audeo Ventures.
