Monkey operates a financial marketplace focused on Supply Chain Finance (SCF) programs that pair small and medium enterprises with large buyers and banks, using buyer-sanctioned marketplaces and auction-based pricing through a multi-funder platform. Its network includes large corporates such as Petrobras and Fiat Chrysler, and the company reports 55 large companies on the platform. Monkey saw trading volume surge from about $187 million to $1.5 billion over the course of the year. Founded in 2016 and headquartered in São Paulo, the team numbered about 40 employees at the time of the article and the company planned to double that headcount in 2021. Monkey intends to use new capital to expand operations beyond Brazil across Latin America, improve user experience, and roll out new products such as a credit card marketplace. Founders include CEO Gustavo Müller, Bruno Oliveira, and Felipe Adorno.

Total raised

$6M

Funding rounds

1

Latest round

Series A

Latest activity

Feb 2021