# Monkey Serviços de Tecnologia Ltda.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/monkey-servicos-de-tecnologia-ltda

- Industry: Financial Services
- Headquarters: Sao Paulo, Brazil
- Website: www.monkey.exchange
- Total disclosed funding: $20M
- Latest round: Series B (Jul 12, 2024)
- Investors on record: 8

## About

Monkey Serviços de Tecnologia Ltda. is a Brazilian company that provides a comprehensive platform for the efficient trading and exchange of digital assets, focusing on enhancing user experience in the cryptocurrency market.Founded in 2016 and headquartered in Sao Paulo, Brazil, Monkey Serviços de Tecnologia Ltda. specializes in digital asset management. The team consists of co-founders Bruno Oliveira, Felipe Adorno, Gustavo M, and Kaleb Traconis, with Gustavo M serving as the CEO. The company has successfully completed 4 deals, including a Series B funding round on July 12, 2024, raising BRL 67 million led by L4 Venture Builder, alongside investors B3 Capital, DEG, Kinea Investimentos, and Quona Capital. This funding represents the total amount raised by the company thus far.Monkey Exchange offers a robust platform designed to facilitate efficient trading and exchange of digital assets. Their core product focuses on providing users with a seamless experience in buying, selling, and managing cryptocurrencies, catering to both individual investors and institutional clients. The platform includes features such as real-time market analytics, advanced trading tools, and secure wallet services, all aimed at enhancing user engagement and satisfaction. Their services are designed to address the complexities of digital asset management, making it easier for users to navigate the volatile cryptocurrency market. Monkey Exchange serves a diverse clientele, including retail investors, hedge funds, and financial institutions, primarily targeting markets in North America, Europe, and parts of Asia.The revenue structure of Monkey Exchange is primarily based on transaction fees generated from trades executed on its platform. Clients engage in trading activities where a percentage fee is applied to each transaction, contributing to the company's overall revenue stream. Additionally, the platform may offer subscription services for premium features, enhancing user experience through advanced analytics and trading strategies. Partnerships with various financial institutions also play a role in broadening their customer base, facilitating direct-to-consumer sales. The flagship services, including specialized trading tools and secure wallet solutions, are integral to the user offering and are likely to drive sustained revenue growth as the company expands its market presence.In July 2024, Monkey Serviços de Tecnologia Ltda. raised BRL 67 million in Series B funding, which will be utilized to enhance their trading platform and expand their market reach into Mexico and the US. The company is also focusing on developing new products to improve user engagement, with plans for upcoming launches aimed at providing more robust trading functionalities.

## Funding rounds

- Series B, Jul 12, 2024, $12M — DEG, Quona Capital, Kinea Investimentos, B3 Capital, L4 Venture Builder
- Series A, Feb 4, 2021, $6M — Kinea Investments, Quona Capital
- Seed, Jan 1, 2019, $1.5M — Wayra, Parallax Ventures

## Investors

- Wayra (https://capitalatlas.ai/funds/wayra) — Seed
- Parallax Ventures (https://capitalatlas.ai/funds/parallax-ventures) — Seed
- Kinea Investments (https://capitalatlas.ai/funds/kinea-investments) — Series A
- Quona Capital (https://capitalatlas.ai/funds/quona-capital) — Series A, Series B
- DEG — Series B
- Kinea Investimentos — Series B
- B3 Capital (https://capitalatlas.ai/funds/b3-capital) — Series B
- L4 Venture Builder (https://capitalatlas.ai/funds/l4-venture-builder) — Series B