# Moni Online

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/moni-online-s-a

- Industry: Financial Services
- Headquarters: Buenos Aires, Argentina
- Website: www.moni.com.ar
- Total disclosed funding: $1M
- Latest round: Seed (Sep 1, 2014)
- Investors on record: 1

## About

Moni Online S.A. is a financial technology company that specializes in providing instant personal loans and digital wallet services to consumers in Argentina, ensuring a seamless and efficient borrowing experience.Founded in 2013 in Buenos Aires, Argentina, Moni Online S.A. operates in the fintech sector, focusing on personal loan solutions. The company has undergone significant growth, with a total of 4 deals completed by July 2018, when it raised USD 4.5 million in VENTURE DEBT from investors including IFC Venture Capital and the Inter-American Investment Corporation. The CEO and founder, Juan Bruzzo, has been instrumental in driving the company's vision and operational strategy, having founded Moni with the aim of enhancing financial access for individuals.Moni Online S.A. provides instant personal loans and digital wallet services primarily for individual consumers in Argentina. The company’s flagship offering is a streamlined personal loan product, allowing users to request financing ranging from ARS 1,000 to ARS 2,420,000, with repayment terms of 1, 3, 6, or 12 months. The loans are assessed through a credit analysis system, ensuring that the borrowing amount aligns with the user's credit profile. In addition to personal loans, Moni offers a virtual wallet feature, enabling customers to manage their finances by making payments, purchasing through the Monicard, and engaging in various transactions such as paying bills, making QR payments, and funding delivery apps. Moni’s services cater to a diverse clientele, primarily individuals aged 18 and over, who have a stable income and possess a bank account in their name, thus targeting a broad market segment in Argentina's financial landscape.Moni generates revenue through the issuance of personal loans, where users repay the borrowed amounts with interest over specified terms. The interest rates are variable and based on the user's creditworthiness, leading to a structured repayment plan that can last from a minimum of 30 days to a maximum of 360 days. Customers repay their loans using funds from their Moni Wallet, debit cards, or direct bank transfers, with the first payment typically due on the first business day of the month following loan approval. The company emphasizes its competitive lending rates and the convenience of its digital platform, which facilitates rapid transactions and financial management. By providing users with a free Monicard and access to exclusive discounts, Moni enhances customer loyalty and engagement, ultimately contributing to its revenue through recurring financial interactions and service fees associated with transactions within its ecosystem.Moni Online S.A. aims to further expand its product offerings and market reach. The company is working on new products designed to enhance customer engagement and financial services by 2023. With the recent funding of USD 4.5 million raised in July 2018, Moni plans to utilize this capital to support the development of these new offerings and enhance its existing digital wallet functionalities. Additionally, there are plans to expand operations into new geographic regions within South America, targeting markets that have high potential for digital financial services.

## Funding rounds

- Seed, Sep 1, 2014, $1M — NXTP Ventures

## Investors

- NXTP Ventures (https://capitalatlas.ai/funds/nxtp-ventures) — Seed