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Monite raises $6m in Seed funding

Berlin based embedded finance workflow automation platform raised $6m in Seed funding led by Valar Ventures.

“The SMB market remains underserved, especially within finance automation. We see many startups and incumbents attacking this problem, but Monite’s unique infrastructure lets companies add bill pay, invoicing and other payment solutions to their offering quickly and cheaply simply through Monite’s APIs. It also enables platforms serving SMBs to add new revenue streams by offering their clients more real value. Monite’s customizable embedded workflows for B2B platforms align perfectly with our vision of how finance automation will be evolving in the next years.”

Tags

europe, workflow automation, embedded finance