Moni

lendingonline loans

FOUNDING YEAR: 2013
LOCATION: Argentina
Last Update: 01/05/2020

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About

Moni provides a mobile-based platform for the unbanked section for bill payments. The company helps its users to receive a cash advance immediately, without formalities or paperwork and is 100% online. Moni allows users to request a short-term microcredit in cash, pay their services or recharge cell phone, quickly and without banking procedures. It also gives cash advances up to $4,000 without any paperwork and credited directly to the banking account.

Focus

PRODUCTS & SERVICES

Mobile and virtual banking platform for micro-loans. It allows customers to pay their utility bills or ask for cash advance with one click from app.

COMMENT

Moni executes the operation in seconds and finance it for up to 30 days. At due date Moni debits clients bank account the cash advanced.

Traction

VALUATION / MARKET CAP:

$6.65 M in 2014

People

FOUNDERS

Alejandro Estrada

Juan Pablo Bruzzo

INVESTORS:

Fabrice Grinda

FJ Labs

IFC

Inter-American Development Bank (IDB) Group

NXTP Labs

Momentum

FUNDED

YES

TOTAL FUNDING

$6 M

DATE OF LAST FUNDING

May 2018

TOTAL FUNDING COMMENT

The company is planning to use the funds for expansion of its credit portfolio in the under-banked sectors and expand its product offer to continue developing the credit market(May 2018).

SEED & PRIOR FUNDING

$3 M

SEED CLOSED ON

May 2017

SEED PRIOR FUNDING COMMENT

An undisclosed amount of funding was raised in Oct 2014.

FUNDING SERIES

SERIES A  · $3 M  · May 2018

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

Argentina

Views:

102 VISITORS | 196 VIEWS
LATEST FUNDING ROUND

$6 M

About

Moni provides a mobile-based platform for the unbanked section for bill payments. The company helps its users to receive a cash advance immediately, without formalities or paperwork and is 100% online. Moni allows users to request a short-term microcredit in cash, pay their services or recharge cell phone, quickly and without banking procedures. It also gives cash advances up to $4,000 without any paperwork and credited directly to the banking account.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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Traction+
People+
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