GERMANY – Monite, a Berlin, Germany-based API-first fintech company providing finance automation for B2B platforms, added $6M to its Seed funding.
The round was led by Valar Ventures and Third Prime, with support from existing investors.The company intends to use the funds to consolidate its position as a European embedded finance leader and to expand its footprint in the US.Led by CEO Ivan Maryasin and Founder, Monite lets B2B platforms, such as banks, neobanks, payment providers, and verticalized SaaS, embed financial workflows like invoicing, payables automation, expense management, and accounting for their clients. Due to its APIs and SDKs, B2B platforms can now offer finance management to their clients in 4-5 weeks instead of building an internal solution for 2 years and over $1-2M in development costs. The company serves over 28 platform clients across the EU, US, and other regions. Monite is backed by Valar Ventures, Third Prime, P72, founders of Klarna, Mollie, and Nium, and execs from Plaid and PayPal.19/02/2024
