# Monisnap

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/monisnap

- Industry: Financial Services
- Headquarters: Paris, France
- Website: www.monisnap.com
- Total disclosed funding: $14M
- Latest round: Series A (May 7, 2021)
- Investors on record: 6

## About

Monisnap SAS provides innovative financial services that facilitate international money transfers, mobile top-ups, and mobile credit services, primarily targeting expatriates and migrant workers around the world.Founded in 2017 and headquartered in Paris, France, Monisnap offers financial solutions tailored for international transactions. The company was co-founded by Jean-Baptiste Bouvier and Raphaël R, who also serves as the CEO. Monisnap has successfully raised EUR 9.25 million in its Series A funding round on May 7, 2021, led by Serena with participation from Evolem, Notus Technologies, and Truffle Capital. To date, the company has completed 2 deals, with a total amount raised of EUR 9.25 million and a current valuation of EUR 31.47 million.Monisnap specializes in financial services that facilitate money transfers, mobile top-ups, and the sending of mobile credit to various international destinations. Their offerings are designed to help expatriates and migrant workers maintain financial connections with family members abroad. The platform supports users in multiple countries including France, Morocco, Tunisia, and Senegal, featuring a multilingual customer service team. Monisnap’s application simplifies the process of sending money and mobile credit, making it a practical solution for cross-border financial transactions.In the most recent fiscal year of 2022, Monisnap reported a revenue of EUR 6,657,005.70, with an EBITDA of EUR -3,512,612.10, reflecting the company's financial performance during this period.Monisnap SAS plans to utilize its recent Series A funding to enhance its B2B offerings and further develop its Mobile Money service, facilitating the company's geographic expansion. The investment will support efforts to reach new markets and better serve existing customers. Specific regions targeted for expansion are yet to be disclosed, but the company aims to roll out new products and services in the near future.

## Funding rounds

- Series A, May 7, 2021, $11M — Truffle Capital, Evolem, Serena, Notus Technologies
- Series A, May 17, 2019, $2.7M — Truffle Capital, Evolem, Financière Cambon, Notus Technologies, FairCom Corporation

## Investors

- Truffle Capital (https://capitalatlas.ai/funds/truffle-capital) — Series A
- Evolem — Series A
- Financière Cambon — Series A
- Notus Technologies (https://capitalatlas.ai/funds/notus-technologies) — Series A
- FairCom Corporation — Series A
- Serena (https://capitalatlas.ai/funds/serena) — Series A