Monet operates a mobile app that grants nano-loans of up to COP 500,000 (≈US$130) without requiring a co-signer, specifically serving populations that lack traditional credit histories, such as Venezuelan migrants with Temporary Protection Permits. To date, the company reports more than 2.5 million loans disbursed and over one million app downloads. By leveraging proprietary technology and data analytics, Monet seeks to replace informal lending practices and lower credit risk for excluded segments. The newly secured capital will be used to deepen its product offering in Colombia and fuel geographic expansion, beginning with Mexico and potentially other Latin American markets. Management projects growing cumulative loan originations to 3.5 million by 2026. Monet positions itself as both a social and technological solution, aiming to formalize access to credit across the region.

Total raised

$24M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2026