Monnai, a provider of consumer insights infrastructure for financial institutions, has successfully raised $6.5 million in a Series A funding round, with Tiger Global leading the investment.
Better Tomorrow Ventures, 500 Global, and Emphasis Ventures also participated in this funding round. Monnai aims to establish itself as the “single source of truth for fintech decision-making globally.”
The startup’s platform integrates a growing array of disparate data sources worldwide, equipping fintech clients with essential tools to navigate increasing fraud risks and evolving regulatory environments. This adaptable infrastructure features four core decision-making modules: Know Your Customer, Trust & Fraud Risk, Credit Decisioning, and Collections Optimization, all accessible through a single API. It harnesses over 350 contextual insights related to payment, communication, device, and identity.
The goal is to enable clients to leverage data effectively throughout their customers’ lifecycle, from onboarding and credit underwriting to various account transactions.
Pierre Demarche, CEO of Monnai, stated, “In a digital-first world, every business is a fintech. Whether you’re operating in an established or emerging market, there is an inherent need for reliable infrastructure. Companies worldwide are increasingly harnessing data to enhance their decision-making capabilities. The challenge lies in accessing insights that can inform decisions across different silos and applications in the most effective ways possible. This is where Monnai steps in, offering a comprehensive source of truth for businesses throughout entire customer and transaction lifecycles.”