Monite offers API-first finance automation that lets B2B platforms embed workflows such as invoicing, payables automation, expense management, and accounting. Its APIs and SDKs enable platforms to launch finance management for clients in 4–5 weeks instead of building an internal solution that can take ~2 years and cost $1–2M. The company serves more than 28 platform clients across the EU, US, and other regions. Led by CEO Ivan Maryasin, Monite aims to consolidate its position as a European embedded finance leader and expand its footprint in the US. The company recently added $6M to its Seed funding to support those plans. Monite offers an API that allows invoicing and supplier management to be embedded into existing payments interfaces, enabling B2B platforms to add finance workflows natively. The company positions this as a way for clients to establish new revenue channels by increasing SaaS pricing bundles and charging processing fees. Monite cites SMB adoption gaps — only 5–10% use a modern finance stack while 79% still do accounts payable manually — as a market opportunity. The B2B payments market is noted in the article as projected to reach $200 trillion by 2028. Monite currently serves 10 clients across Europe and the U.S. and plans to close more deals in the next few months. To date the company has raised $10 million in total funding. Monite is a Berlin-based platform that enables B2B platforms, marketplaces, neobanks, and vertical SaaS to integrate finance automation features via an embeddable API. Using Monite's API, customers can offer compliant accounts payable automation, invoicing, expense management and other finance automation capabilities to their own users. The company is led by co-founder and CEO Ivan Maryasin, and the platform is currently available to customers in the US, the UK, Germany and France. Monite raised $5M in a funding round led by Point72 Ventures, with participation from Victor Jacobsson, Adriaan Mol, Phil Valka, Jason Pate, Jonathan Weiner and Ralph Müller. The company intends to use the funds to expand its team of fintech industry experts, drive market expansion into the UK, U.S. and beyond, and develop new automated products including accounts payable, invoicing, expenses, cash flow and analytics. Monite aims to help B2B software providers increase retention and access new revenue streams by serving all of their customers' business finance needs on a single platform. Monite offers a unified platform that automates operational finance tasks for freelancers and companies up to 100 employees, including bank account aggregation, transaction categorization, invoicing, bill processing, expense logging and reimbursements. The product automatically maps documents to transactions, prepares information for tax accountants and stores documents in a tax-compliant way, providing a full finance overview. Monite positions itself as a one-stop alternative to multiple narrow tools, claiming to replace 10+ tools and to save entrepreneurs 50% of the time and costs they currently spend on admin and accounting. The team built the initial platform on a bootstrap with two developers and highlights that 77% of SMEs prefer a single-platform approach. Market context cited in the interview notes SMEs spend roughly 15 hours per week (about 19% of their time) on financial admin tasks, which Monite aims to dramatically reduce. Near-term product roadmaps focus on deeper automation, such as auto-pulling receipts (e.g., from Amazon) and automating invoice debt collection.

Total raised

$17M

Funding rounds

4

Latest round

Seed

Latest activity

Feb 2024