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Monnai Raises $6.5 Million to Assist Fintech in Using Consumer Data.

Monnai Raises $6.5 Million to Assist Fintech in Using Consumer Data.

March 11, 2023

Monnai, a San Fransisco-based consumer insights infrastructure provider for financial institutions, has raised $6.5 million in a Series A funding round led by Tiger Global. Other participants in the funding round include Better Tomorrow Ventures, 500 Global, and Emphasis Ventures.

The funds will be used to accelerate the company's go-to-market capabilities in its key markets, as well as to further develop proprietary analytics and data ingestion capabilities.
Monnai was founded in 2021 by CEO Pierre Demarche and CPO Ravish Patel. The platform enables fintech companies to efficiently navigate four key pillars: onboarding, trust and fraud risk, credit underwriting, and collections. Customers can grow securely anywhere in the world by connecting disparate data, identity, and network behavior in a single API.

Monnai has set itself the goal of becoming the single source of truth for global fintech decision-making. The platform integrates an increasing number of disparate data sources from around the world and provides tools to its fintech customers to navigate rising fraud and evolving regulatory landscapes.

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