Monite
Year2024
RoundSeed
Amount$6M
Overall
Summary
12 slides
12 slides
2 slides
80% of SMEs still handle invoices and accounts payable manually, wasting valuable time and resources. They need better liquidity and control over their cash flow, which is often lacking due to inefficient back office operations.
2 slides
Monite offers a 'Bill.com'-as-a-service API that helps B2B neobanks and SaaS platforms integrate invoicing and accounts payable automation seamlessly. This service can transform their products into comprehensive financial management super-apps.
3 slides
The platform enables businesses to automate AP and AR processes efficiently while providing them with real-time visibility and control over their finances through a multi-payment rail designed for various payment methods.
1 slide
Currently, only 5-10% of SMEs leverage SaaS solutions like Bill.com, indicating a vast market opportunity as every business utilizes some form of platform and could benefit from Monite's integrations.
1 slide
Monite's revenue model is highly scalable, earning through SaaS fees and transaction fees, with clients having the opportunity to increase their revenue streams significantly through enhanced service offerings.
1 slide
With around 30 satisfied clients already using the platform, including notable neobanks and financial platforms, Monite is proving its effectiveness and potential for growth.
1 slide
Formed by a team of senior fintech experts with experience from top-tier institutions, Monite's leadership is well-positioned to drive innovation and growth in the fintech landscape.
1 slide
The current economic landscape necessitates efficient financial management for SMEs, making Monite's solutions timely and relevant as businesses seek to optimize and streamline their operations.
