VOY Advises Monite on Seed Financing Round
A team led by Clemens Koós advised fintech company Monite on its USD 5M financing round.
The round was led by Point72 Ventures with participation from Klarna founder Victor Jacobsson, Mollie founder Adriaan Mol, PayPal senior executive Phil Valka, Plaid executive Jason Pate, fintech investor and Money2020 founder Jonathan Weiner, and Ex-Deutsche Bank Board Member and Oxygen investor Ralph Müller. With the new capital infusion, the company will look at the roll out of a full-scale white-label solution that can be implemented in just 24 hours.
Founded in 2020 by Andrey Korchak, and Ivan Maryasin, Monite allows B2B platforms, marketplaces, neobanks, and vertical SaaS companies to integrate high-end finance automation features. With Monite’s embeddable API, its customers can automate their finance features, compliant account payable automation, invoicing, and expense management for their own customers on a single platform. Monite claims that this helps businesses increase retention and get access to new revenue streams.
Point72 Ventures is a global venture capital firm with offices in US and Europe, and invests in all stages of a company’s growth, from idea to IPO.
VOY is a law firm and tax consultancy for founders and investors creating a digital client experience that focuses on adding value with direct and uncomplicated legal advice of the highest quality.