# Monnai

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

- Industry: Software
- Headquarters: Delaware, US
- Total disclosed funding: $10M
- Latest round: Series A (Feb 27, 2023)
- Investors on record: 7

## About

Based in California, US, and co-founded by Pierre Demarche (CEO) and Ravish Patel (CPO, in 2021, Monnai Inc. is a software company offering global infrastructure and insights to financial organizations. In July 2022, the firm raised USD 3.5 million in seed funding led by investor Better Tomorrow Ventures, with participation from other investors 9Yards Capital, and Commerce Ventures and in March 2023, Monnai Inc. raised USD 6.5 million in Series A funding from Tiger Global Management, including Better Tomorrow Ventures, 500 Global and Emphasis Ventures. The firm, as of September 2022, has offices in the US, Singapore, and India.

The company through its platform delivers more than 500 customer insights to help fintech professionals and financial organizations make more accurate and informed decisions throughout the lifecycle of their customers. The company’s four solutions include KYC compliance, credit decisioning, trust and fraud risk, and debt collection optimization, by connecting disparate data, identity, and network behavior through a single API.

The company plans to use the March 2023 funding to enhance marketing prospects and enable the development of its product.

## Funding rounds

- Series A, Feb 27, 2023, $6.5M — Tiger Global Management, 500 Global, Emphasis Ventures, Better Tomorrow Ventures
- Seed, Jul 1, 2022, $3.5M — 500 Global, Commerce Ventures, Emphasis Ventures, 9Yards Capital, Better Tomorrow Ventures, Ginkgo Ventures

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed, Series A
- Commerce Ventures (https://capitalatlas.ai/funds/commerce-ventures) — Seed
- Emphasis Ventures (https://capitalatlas.ai/funds/emphasis-ventures) — Seed, Series A
- 9Yards Capital (https://capitalatlas.ai/funds/9yards-capital) — Seed
- Better Tomorrow Ventures (https://capitalatlas.ai/funds/better-tomorrow-ventures) — Seed, Series A
- Ginkgo Ventures — Seed
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A