More Funds for Fintech Consumer Insight Firm Monnai

Monnai, which provides consumer insights infrastructure for financial institutions, has raised $6.5m in a Series A round of funding, for uses including further development of its proprietary analytics and data ingestion capabilities.

Founded in 2021 by Pierre Demarche and Ravish Patel, Monnai provides a global infrastructure which delivers customer insights to financial organizations. This platform uses more than 350 sources, aggregated and standardised across identity, digital, communication, device and payments data partners. Fintech firms can connect to Monnai through a single API, creating value in their consumer decisioning models.

New funding has been led by Tiger Global, with participation from Better Tomorrow Ventures, which led the company's seed round six months earlier; as well as other existing investors including 500 Global and Emphasis Ventures. Demarche comments: 'We are excited to have a seasoned partner like Tiger Global who shares our vision and who will help accelerate our growth trajectory. I am incredibly proud of the rapid growth we have achieved in our first eighteen months and am grateful for our team's hard work and for the trust of our customers'.

Web site: www.monnai.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.