Building the next wave of financial infrastructure
SMBs still manage their finance on paper, Excel and 5+ external tools, resulting in 5% revenue loss. We want to turn B2B platforms, neobanks, and fintechs into super-apps that solve this problem with automated invoicing, payables, and B2B payments
Freeing SMBs from
Excel and paper
Monite was born in Berlin in 2020, with a founding mission to automate finance for SMEs. Soon after, Monite raised a € 1.1 million pre-seed round with Tomahawk VC, Signals VC, Possible Ventures, and Runa Capital
Seeing greater demand for embedded solutions in the market, Monite transitioned into a B2B2B model, enabling other platforms to provide finance automation to SMBs
In late 2021, Monite launched its first API-first products — Accounts Receivable and Accounts Payable — with the first clients taking them for a spin
Monite’s 2023 saw a boost in customer count, revenue, and many platforms going live. We also launchedtwo new products for B2B payments: Invoice Payment Links and Bill Pay. We also doubled our Seed to $10mn – led by P72, ThirdPrime and some of the world’s top fintech angels