Monnai raises seed capital from Commerce Ventures, Better Tomorrow Ventures and others
Our portfolio company, Monnai, raised $3.15mm seed round led by Better Tomorrow Ventures with participation from Commerce Ventures, 9 Yards Capital and Kearny Jackson.
Monnai provides a consumer insights infrastructure platform to global financial organisations that helps them make more accurate and informed decisions with regards to KYC, trust and fraud risk, credit disbursement and collections optimisation.
Ravish Patel, cofounder of Monnai sums it up best, "Fintechs can connect to Monnai seamlessly through a single API creating orthogonal value in their consumer decisioning models. This instantly translates into better outcomes for them: Higher approval rates, increased customer lifetime value and reduced costs."