Monnai, a San Francisco, CA-based provider of global consumer insights infrastructure for financial institutions, raised $6.5M in Series A funding.
The round was led by Tiger Global with participation from Better Tomorrow Ventures, 500 Global and Emphasis Ventures.
The company intends to use the funds to accelerate its go-to business capabilities in its key markets and further develop proprietary analytics and data ingestion capabilities.
Founded in 2021 and led by CEO Pierre Demarche and CPO Ravish Patel, Monnai is a consumer insight infrastructure that enables fintechs to efficiently navigate four key pillars: onboarding, trust and fraud risk, credit underwriting and collections. By connecting disparate data, identity and network behavior in a single API, the technology enables customers to grow securely — anywhere in the world.
The infrastructure leverages more than 350 contextual insights including payment, communication, device, identity, etc. The company’s technologies enable a low code/no code dynamic aggregation, normalization and contextualization of data sets, across silos and borders, leading to better analytics and a faster ingestion, modeling and implementation of alternative data for customers.
The platform integrates the increasing number of disparate data sources across the globe and provides its customers with tools to navigate the increasing fraud and evolving regulatory landscapes. This adaptive infrastructure delivers four key decisioning modules — Know Your Customer, Trust & Fraud Risk, Credit Decisioning and Collections Optimization — through a single API.
Monnai has customers live in seven key markets across Southeast Asia, India, Latam and the U.S.
Since its founding in August 2021, the company has raised more than $10 million.
FinSMEs
10/03/2023