Mexican fintech Monato raised $13M in a seed round led by Monashees and FinTech Collective. IGNIA Partners, Clocktower Ventures, Polymath Ventures, and Angel Ventures also participated in the round.
Founded in 2024 by Iñigo Rumayor, Monato builds modular, scalable financial infrastructure that allows companies to integrate financial services in compliance with regulations.
Monato operates in Mexico through its partner Finco Pay, which has a direct connection to the SPEI payment system.
Monato will use the funds to launch new services, including direct debit, cross-border payments, foreign exchange, and integrated smart credit solutions, all under an API-first approach.
In the first half of 2025, Monato expanded its team by 33%, bringing in talent from companies such as Amazon, PayPal, Walmart, SHCP, and CNBV.
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