MONI builds a mobile-first smart payment service that includes prepaid MasterCards and customizable payment accounts. The company was chosen by the Finnish Immigration Service for a pilot to issue MONI Prepaid MasterCards and replace cash benefit payments for refugees. MONI says its prepaid cards and accounts are intended to be safer and cheaper than current cash disbursements, and can later receive salaries when users find work. The startup announced a $1.45 million seed round at a Slush event in Helsinki and received a public endorsement from Sir Richard Branson. MONI aims to expand and launch its smart payment technology in other European countries following the pilot. No operating metrics (revenue/users) were disclosed in the article.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2015