Monetas

cryptocurrencyblockchainbankingtechnew core banking solutions

FOUNDING YEAR: 2012
LOCATION: Switzerland
Last Update: 19/01/2021

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About

Monetas has developed a platform which allows 1) Central Banks to issue Digital Legal Tender, 2) Financial service providers to offer digital wallets to customers, and 3) Customers to make transactions by smartphone, instantly, affordably, and securely. This new financial infrastructure utilizes cryptographic technologies, so that everyone—from merchants and distributors, to consumers, enterprises and governments, banks and other financial service providers—can make transactions that are cheaper, more efficient, and safer than ever. With this set-up, the price of a transaction is reduced to under 1% of the transacted value, or up to a maximum of 30 cents. This means that transactions of less than 1 USD can be transacted for less than a cent, globally.

MEDICI Analysis

Monetas helps banks and financial institutions to roll out financial infrastructure and services that helps them to grow their businesses. It offers a transaction system that leverages advanced cryptofinance technologies to address the pain points of legacy systems. It is a decentralized system for financial and legal transactions.

Focus

PRODUCTS & SERVICES

Monetas offers a range of solutions for financial institutions and central banks: 1) Secure Asset Issuance: The patform allows to issue national and digital currencies, financial instruments, contracts through a digital medium. 2) Decentralized storage: It offers a decentrlaized digital wallet that holds the assets. The Monetas system doesn’t use accounts thereby eliminating institutional risk

REVENUE MODEL

The software is licensed to Notary Operators and Market Partners (banks, mobile operators, etc.) Market partners have the freedom to offer highly profitable applications and services on top of our platform End-user transaction fees never exceed 0.9%, and are capped at a maximum of CHF 0.30 per transaction Service agreement. Company generates revenue by charging 0.3% of transaction value with a cap at 0.10 CHF (0.10 USD).

MAIN CLIENTS

Financial service providers

Central Banks

EXISTING PARTNERSHIPS

Tunisian Post Office

La Poste Tunisienne

DigitUs

PRIMARY PROBLEM SOLVED

The complexity of existing financial systems creates a global price floor for transactions, making low value transactions uneconomical and excluding a large segment of the global population. As a result, this population segment lacks access to financial services that are now considered a fundamental requirement for maintaining a basic standard of living. Monetas is developing a decentralized, global platform for financial and legal transactions – with extremely low transaction fees, blazing speed far beyond what legacy financial services can offer, and the highest level of cryptographic security. The Monetas platform requires only a smartphone, and makes both traditional and emerging financial services accessible to consumers everywhere, thereby powering financial inclusion worldwide.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

company provided insights

Traction

COMPANY TYPE:

For Profit

REVENUE

$0 - $99k

REVENUE COMMENT:

Once integrations with legacy systems are complete, revenues will start with the public rollout in Tunisia.

ACTIVE USERS:

NA

ACTIVE USERS COMMENT:

Our first pilot test started in Tunisia in Q4/2015. This year, our platform is being tested with real money in Switzerland and multiple countries across Africa.

People

FOUNDERS

Johann Gevers

BOARD MEMBERS AND ADVISORS

Arthur Vayloyan

Katalin Tischauser

Katalin Tischhauser

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

Johann Gevers (CEO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

2

TOTAL FUNDING

$13.68 M

DATE OF LAST FUNDING

May 2016

IPO STATUS

Private

ESTIMETED REVENUE RANGE

$1M to $10M

FUNDING SERIES

SERIES A  · $7.5 M  · May 2016

SERIES C  · $6.18 M  · Dec 2014

LISTED

NO

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

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AVERAGE VISITS (6 MONTHS)

96.14

MONTHLY VISITS GROWTH

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VISIT DURATION

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VISIT DURATION GROWTH

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PAGE VIEWS VISIT

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PAGE VIEWS VISIT GROWTH

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BOUNCE RATE

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BOUNCE RATE GROWTH

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GLOBAL TRAFFIC RANK

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MONTHLY RANK CHANGE

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MONTHLY RANK GROWTH

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Monetas

About

Monetas has developed a platform which allows 1) Central Banks to issue Digital Legal Tender, 2) Financial service providers to offer digital wallets to customers, and 3) Customers to make transactions by smartphone, instantly, affordably, and securely. This new financial infrastructure utilizes cryptographic technologies, so that everyone—from merchants and distributors, to consumers, enterprises and governments, banks and other financial service providers—can make transactions that are cheaper, more efficient, and safer than ever. With this set-up, the price of a transaction is reduced to under 1% of the transacted value, or up to a maximum of 30 cents. This means that transactions of less than 1 USD can be transacted for less than a cent, globally.

Focus

PRODUCTS & SERVICES

The Monetas platform is an advanced digital contracting technology. It uses a cryptographically secured digital notary to deterministically provide instant, irreversible settlement of transactions. The Monetas platform automates today’s legal notary process. It is a hybrid peer-to-peer, client-server network application with the notary operating as an always-on, globally- accessible web service. It is a powerful, flexible, secure software technology that can be used in a myriad of ways – from replacing cash and debt for simple payment and remittance flows, to democratizing currency exchange, derivatives trading, smart contracts, and much more. The Monetas notary provides global connectivity and interoperability. This enables anyone to transfer and exchange currencies and other assets, easily and efficiently, even across borders. The Monetas platform provides consumers with the benefits of both legacy financial systems and modern technologies such as distributed ledger technologies.

REVENUE MODEL

The software is licensed to Notary Operators and Market Partners (banks, mobile operators, etc.) Market partners have the freedom to offer highly profitable applications and services on top of our platform End-user transaction fees never exceed 0.9%, and are capped at a maximum of CHF 0.30 per transaction Service agreement. Company generates revenue by charging 0.3% of transaction value with a cap at 0.10 CHF (0.10 USD).

TOP PROBLEM SOLVED

The complexity of existing financial systems creates a global price floor for transactions, making low value transactions uneconomical and excluding a large segment of the global population. As a result, this population segment lacks access to financial services that are now considered a fundamental requirement for maintaining a basic standard of living. Monetas is developing a decentralized, global platform for financial and legal transactions – with extremely low transaction fees, blazing speed far beyond what legacy financial services can offer, and the highest level of cryptographic security. The Monetas platform requires only a smartphone, and makes both traditional and emerging financial services accessible to consumers everywhere, thereby powering financial inclusion worldwide.

PRODUCT DEVELOPMENT STAGE

MARKET TRIAL

PRODUCT DEVELOPMENT COMMENT

Our first pilot test started in Tunisia in Q4/2015. This year, our platform is being tested with real money in multiple pilot programmes in Switzerland and across Africa.

KEY DIFFERENTIATORS

We follow a platform approach — we are building a platform for global commerce that enables all types of transactions to be done faster, cheaper, and safer than any other system including cash.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

STRATEGIC CLIENTS AND PARTNERSHIP

La Poste Tunisienne : Strategic market partners

Digitus : Strategic market partners

Traction

ANNUAL REVENUE:

$0 - $99k

REVENUE COMMENT:

Once integrations with legacy systems are complete, revenues will start with the public rollout in Tunisia.

TRANSACTIONS VALUE:

0.00

ACTIVE USERS/ACCOUNTS:

NA Million

ACTIVE USERS COMMENT:

Our first pilot test started in Tunisia in Q4/2015. This year, our platform is being tested with real money in Switzerland and multiple countries across Africa.

LIVE USERS/TRANSACTIONS:

Yes, in trial/pilot

How will you grow the number of users/accounts/transactions?

Monetas is a software provider. Regional market partners utilise their existing networks and specialised knowledge to develop their domestic markets.

CHANNEL STATUS

INITIAL CLIENTS

NUMBER OF CLIENTS OR PAYING CUSTOMERS

4

People

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

employee: Muhamed Sabanovic

employee: COO; Vitus

employee: CMO; Muharem

employee: COO; Vitus

employee: CMO; Muharem

employee: COO; Vitus

employee: CMO; Muharem

TEAM COMMENT:

We have built a world-class team of highly talented software engineers,business professionals,,are continually growing our team to support our rapid market expansion. We have a hybrid team model that includes both offices,remote working arrangements. Half our team is based in Zug, the other half is distributed around the world. We hire the best people we can find, regardless of geography.

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO