Monisnap, founded in 2017, offers instant mobile remittances in 150 countries and claims fees three times cheaper than traditional players, positioning itself as the fastest and cheapest option. The company works with approximately 100,000 local partners across more than 100 countries and serves over 200,000 customers. Building on traction in France and Spain, Monisnap opened in the UK in early 2021 and targets West Africa, the Middle East, and Asia. With the latest funding, the startup plans to enter three new markets within 18 months, double its engineering team, strengthen its mobile money offering, and develop a B2B service. To date the company has raised €12.5 million in total.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2021