# Mono Colombia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mono-colombia

- Industry: Financial Services
- Headquarters: Bogota, Colombia
- Website: www.cuentamono.com
- Total disclosed funding: $6M
- Latest round: Seed (Mar 1, 2022)
- Investors on record: 3

## About

Mono Colombia SAS is a Colombian fintech company that simplifies digital wallet management for businesses, facilitating efficient payment solutions across various sectors in Latin America.Founded in 2020 and headquartered in Bogota, Colombia, Mono Colombia SAS specializes in financial technology solutions that streamline digital wallet management. The company has raised USD 6.00 mn in Seed funding, led by Tiger Global Management, with participation from Soma Capital Management and Y Combinator. Mono has completed 4 deals as of March 1, 2022, indicating active engagement in the investment space.Mono Plataforma Fintech Latam specializes in providing financial technology solutions aimed at simplifying the management of digital wallets for businesses across various sectors. Their core offerings include customizable virtual wallets that enable users to access virtual accounts, Visa cards, and real-time fund transfers between wallets and banks. This allows businesses to launch their branded digital wallets efficiently, catering primarily to clients in Latin America who require effective payment solutions and rapid transaction processing through their API capabilities.Mono Plataforma Fintech Latam generates revenue through API-based services, facilitating automated financial transactions and effective payment management for businesses. They engage in B2B partnerships, allowing clients to integrate Mono’s solutions into existing platforms. Revenue comes from fees related to virtual wallet implementation, transaction processing, and payment handling, with costs determined by transaction volumes or virtual card issuance. Key features such as mass payment processing and real-time payment reception via PSE substantially contribute to the company's revenue streams.In March 2022, Mono Colombia SAS raised USD 6.00 mn in Seed funding, which will be utilized to expand operations into new countries, including Mexico, Peru, Chile, and Brazil. The funding will support the development of new products and enhance their existing offerings, as the company aims to penetrate these markets effectively.

## Funding rounds

- Seed, Mar 1, 2022, $6M — Tiger Global Management, Y Combinator, Soma Capital Management

## Investors

- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed