Monite

Monite

Monite was co-founded by Ivan Maryasin, previously founder of an EU SMB neobank serving over 50,000 clients, and CTO Alex Akimov, who led technology and API work at Adyen. Backers include Valar Ventures, Third Prime, and Klarna co-founder Victor Jacobsson — the firm’s press coverage confirms total disclosed funding reached $17.4 million after a $6 million seed extension led by Valar. The company is headquartered in Germany, operating as a venture-backed technology firm rather than a traditional investment office. Monite provides a single, modular API that lets fintechs, vertical-SaaS platforms, neobanks and payment companies launch accounts receivable and accounts payable automation — including AI-powered invoicing, bill pay, expense management, and OCR-based data extraction — within two to six weeks. Clients such as Mollie and Payoneer have publicly confirmed go-live timelines under six weeks. The platform spans multiple European markets and targets any B2B software that wants to add financial services, earning 0.1–2% per user transaction and unlocking additional commissions on invoice factoring, BNPL and business loans. The firm’s leadership expanded in recent months with COO Sophie Haagensen (formerly Atom Bank), CPO Joao Moreira (ex-Edenred Payment Solutions), CRO Bobby Fowley (ex-Lightspeed, Codat), and Head of Engineering Andrei Ifrim (ex-Mambu). Its public press room highlights a string of product and partnership milestones: an iFrame launch that integrates AP/AR in hours, a partnership with ACE Alternatives to automate payables for fund managers, and the rollout of AI-driven expense management. Monite’s website lists offices only in Germany; team members and investors span the US, UK, and Europe. What differentiates Monite structurally is its role as a horizontal infrastructure layer rather than an end-user finance app. The firm does not compete with its customers — it powers them, collecting revenue only when they do. That API-first model, built by a team with deep experience at Adyen, Mambu and core banking providers, positions Monite as a pick-and-shovel supplier to the embedded-finance rollout across B2B SaaS.