Monedo - About the company
Monedo is a series A company based in Mumbai (India), founded in 2017 by Ashish Kohli. It operates as a Provider of financial services including consumer, healthcare, education, and SME finance. Monedo has raised $9.39M in funding from Alma Aquila I and Vardan Ceqube Advisors, with a current valuation of $*****. The company has 331 active competitors, including 50 funded and 9 that have exited. Its top competitors include companies like InCred, Finnable and Moneyview.
Company Details
Provider of financial services including consumer, healthcare, education, and SME finance. The company offers lending solutions for personal needs, healthcare expenses, educational pursuits, and small to medium-sized enterprises. It facilitates supply chain financing and provides loan options for travel and technology-related education.
- Website
- monedo.in
- Social
- Email ID
- *****@monedo.in
- Phone Number
- +91 **********
- Registered Address
- 7th Floor, Part A, Corporate Centre, Andheri Kurla Road, Andheri (East), J.B. Nagar, Mumbai, Mumbai, Maharashtra, India, 400059
Legal entities associated with Monedo
Monedo is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MONEDO FINANCIAL SERVICES PRIVATE LIMITED CIN: U65100MH2017PTC294521 , India, Active | May 01, 2017 | $7.09M (As on Mar 31, 2025) | 36 (As on Mar 01, 2026) | |
MONEDO CORPORATE SERVICES PRIVATE LIMITED CIN: U66190MH2022PTC387476 , India, Active | Jul 25, 2022 | $178K (As on Mar 31, 2025) | 58 (As on Jul 31, 2025) |
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Monedo's funding and investors
Monedo has raised a total funding of $9.39M over 10 rounds. Its first funding round was on Mar 29, 2021. Its latest funding round was a Series A round on Apr 02, 2025 for $*****. 1 investor participated in its latest round. Monedo has 12 institutional investors and 85 angel investors.
Here is the list of recent funding rounds of Monedo:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 02, 2025 | 5571623 | Series A | 2291058 | 5820618 | 4438428 | 1308548 |
Oct 14, 2024 | 7630774 | Series A | 1409833 | 8256695 | 6067043 | 6430104 |
May 28, 2024 | 4929447 | Venture Debt | 8092178 | 9503004 | 8676714 |
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Monedo's founders and board of directors
Founder? Claim ProfileThe founders of Monedo is Ashish Kohli. Ashish Kohli is the CEO of Monedo.
Here are the details of Monedo's key team members:
- Ashish Kohli: Founder, MD & CEO of Monedo.
Monedo's Board of Directors
Monedo's board has 8 active members. Ashish Kohli, Vipin kumar Resham lal Poddar and Sumita Ralph Almeida are part of team and Veni Thapar, Vikram Behari Kaushal, Shruti Mehrotra, Nirma Anil Bhandari and Shashi Bhushanmani Tripathi are independent board members.Here is the list of Monedo's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 10m | |
vhukhyf | Team | - | Current | 5y 5m |
oafcjrt | Team | - | Current | 5y 7m |
Independent board member | - | Current | 1y 3m | |
gpxyvg{ | Independent board member | - | Current | 5y 7m |
bgcczcy | Independent board member | - | Current | 8y 4m |
jrkpibu | Independent board member | - | Current | 1y 5m |
uobhjjv | Independent board member | - | Current | 5y 5m |
View details of Monedo's Founder profiles and Board Members
Monedo's employee count trend
Monedo has 116 employees as of Jul 25. The total employee count is 56.0% lower than what it was in Jul 24. Here is Monedo's employee count trend over the years:
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Monedo's Competitors and alternates
Top competitors of Monedo include InCred, Finnable and Moneyview. Here is the list of Top 10 competitors of Monedo, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of financial services specializing in personal, education, and business loans | $320M | 82/100 | ||
2nd | Platform offering online personal loans with minimal documentation | $90.2M | 79/100 | ||
3rd | Provider of loans, credit cards, gold investment, insurance, and UPI | $215M | 77/100 | ||
4th | Provider of financial products including UPI, loans, insurance, and mutual funds | $445M | 73/100 | ||
5th | Provider of personal loans, credit lines, and financial wellness solutions | $250M | 72/100 | ||
6th | Provider of credit insurance and savings products for small town families | $28.1M | 71/100 | ||
7th | Provider of alternative debt and supply chain financing solutions to businesses | $36.3M | 71/100 | ||
8th |  DMI Finance 2008, Delhi (India), Series E | Provider of personal loans, MSME loans, consumption loans, and electric vehicle loans | $734M | 71/100 | |
9th |  InPrime Finserv 2021, Bengaluru (India), Series A | Provider of financial services focused on priority sector lending in India | $10.6M | 71/100 | |
10th | Provider of financial solutions, including loans, for SMEs and corporates | $201M | 70/100 | ||
38th | Provider of financial services including consumer, healthcare, education, and SME finance | $9.39M | 46/100 |
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Monedo's Latest cap tables and shareholding
Founders (largest shareholder) own 66.43%, Funds own 3.49%, Enterprises own 24.61% and Angels own 5.47%. The net worth of Monedo's founders is INR 374Cr as of Oct 14, 2024.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 66.43% | 374Cr | 5867186 | 9312363 | 1484985 | 9990675 |
4373048 | 8678430 | 1073255 | 6302498 | 5640593 | 6466201 | |
Fund | 3.49% | 19.7Cr | 739 | 206 | 967 | 461 |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 24.61% | 139Cr | 1557814 | 5993791 | 7843322 | 7191142 |
Angel | 5.47% | 30.8Cr | 30310 | 23584 | 34585 | 16011 |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Other People | - | 42K | 0 | 0 | 0 | 0 |
Total | 100.00% | 563Cr | 8948417 | 3317467 | 3067465 | 8744346 |
To unlock detailed Cap Table of Monedo Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Monedo's Shareholding
Monedo's Investments and acquisitions
Monedo has made no investments or acquisitions yet.
News related to Monedo
•
Monedo Financial Services on a Mission to Drive Inclusion, Diversity and Economic Growth in IndiaAsian News International•Feb 17, 2025•Monedo
•
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