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Overview
Monedo's Group’s mission is to improve financial freedom for the underbanked with the use of technology. Combining non-traditional data sources and machine learning, the company is aiming to provide access to better credit and a higher convenience for digital banking services. The product offerings include consumer loans, a digital wallet and a personal finance manager designed to help customers manage their credit score and plan their spending. Monedo also offers a “Lending as a Service” model, allowing partners to integrate Monedo's credit products via an API into their own platform and services.
Founded in 2012 and headquartered in Hamburg, Germany, Monedo covers more than 5 markets worldwide, amongst others Russia, Mexico, Spain and Poland. Up until now, the company has processed more than four million loan applications through its subsidiaries. Monedo's team of more than 350 people is led by CEO and Co-Founder Alexander Graubner-Müller and is financially backed by world-class investors including PayU, J.C. Flowers, Peter Thiel, and the World Bank’s IFC.
About
Financial Services, Finance, FinTech, Big Data, Banking, Machine Learning
2012
251-500
Headquarters locations
Europe
Social
N/A
Profile Resume
Monedo headquartered in Europe, operates in the Financial Services, Finance, FinTech, Big Data, Banking, Machine Learning sector. The company focuses on Financial Services and has secured $186.9B in funding across 360 round(s). With a team of 251-500 employees, Monedo is actively contributing to advancements in Financial Services. Their latest funding round, Seed Round - Monedo, raised $1.0M. Discover more about their projects, partnerships, and impact on our platform.
Funding Rounds
15
7
0
$519.2M
Details
8
Monedo has raised a total of $519.2M in funding over 8 rounds.
Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
---|---|---|---|---|
2013 | Early Stage Venture | 3.5M | ||
2012 | Early Stage Venture | 4.0M | ||
2012 | Seed | |||
2012 | Seed | 1.0M |
Investors
Monedo is funded by 37 investors.
Investor Name | Lead Investor | Funding Round | Partners |
---|---|---|---|
Heiko Hubertz | - | FUNDING ROUND - Heiko Hubertz | 1.0M |
Digital Pioneers | - | FUNDING ROUND - Digital Pioneers | 1.0M |
Monedo | - | FUNDING ROUND - Monedo | 1.0M |
10x Group | - | FUNDING ROUND - 10x Group | 1.0M |
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