Monavate is a financial technology startup established in 2020 with a vision to simplify the complex payments landscape and foster next-level financial innovation. Serving as principal members of Visa, Mastercard, and Discover, Monavate's platform offers cutting-edge technology to facilitate the development and expansion of disruptive financial products. This Cambridge-based company has already achieved significant milestones, including issuing over 4.5 million cards, processing 270 million+ transactions£3.5 billion in customer spend across 32 countries.
Despite being a relatively young player in the industry, Monavate has garnered attention through its recent £5.00M Seed Round investment secured on 30 March 2021. This funding is indicative of the investor confidence in the company's potential to redefine the financial services and payments landscape. As Monavate continues to steer the trajectory of the industry, it is positioned as a decisive guide through the payments maze and a launchpad for future financial innovations, directly catering to ambitious fintechs and payment providers seeking to disrupt the norm.
Funding Stage | Amount | No. Investors | Investors | Date |
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Seed Round | £5.00M | - | 30 Mar 2021 |
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