Monedo - About the company
Monedo is a series A company based in Mumbai (India), founded in 2017. 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 1792 active competitors, including 150 funded and 84 that have exited. Its top competitors include companies like SoFi, Moneylion and InCred.
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
Key Metrics
Founded Year
2017
Location
Mumbai, India
Stage
Series A
Total Funding
$9.39M in 10 rounds
Latest Funding Round
Post Money Valuation
$***** as on Oct 14, 2024
Investors
Ranked
41st among 1792 active competitors
Annual Revenue
₹50 - ₹100 Cr as on Mar 31, 2025
Employee Count
40 as on May 31, 2026
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 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 40 (As on May 31, 2026) | |
MONEDO CORPORATE SERVICES PRIVATE LIMITED CIN: U66190MH2022PTC387476 , India, Active | Jul 25, 2022 | 0 - ₹10 Cr (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 84 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 | 8790954 | Series A | 6820334 | 5853316 | 2829496 | 4770608 |
Oct 14, 2024 | 4470978 | Series A | 9961046 | 1076778 | 3144065 | 9004565 |
May 28, 2024 | 3733472 | Venture Debt | 8634495 | 8040496 | 2402614 |
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Monedo's founders and board of directors
Founder? Claim ProfileMonedo'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 | 8y 3m | |
cwuzxgx | Team | - | Current | 7y 4m |
jr{dirj | Team | - | Current | 5y 4m |
Independent board member | - | Current | 1y 8m | |
lmyvqel | Independent board member | - | Current | 2y 9m |
asjwsak | Independent board member | - | Current | 5y 7m |
dlwhquw | Independent board member | - | Current | 2y 5m |
ettuajz | Independent board member | - | Current | 7y 9m |
Monedo's employee count trend
Monedo has 40 employees as of May 26. The total employee count is 45.0% lower than what it was in May 25. Here is Monedo's employee count trend over the years:
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Monedo's Competitors and alternates
Top competitors of Monedo include SoFi, Moneylion and InCred. 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 |  SoFi 2011, San Francisco (United States), Public | Online bank offering consumer loans and insurances | $3.04B | 86/100 | |
2nd | Moneylion 2013, Sandy (United States), Acquired | Online platform for instant consumer loans and mobile banking | $268M | 82/100 | |
3rd | Provider of financial services specializing in personal, education, and business loans | $320M | 82/100 | ||
4th |  Funding Societies 2015, Singapore (Singapore), Series D | Digital platform providing financing solutions for small businesses | $242M | 81/100 | |
5th | Platform offering online personal loans with minimal documentation | $90.2M | 79/100 | ||
6th | Provider of loans, credit cards, gold investment, insurance, and UPI | $215M | 79/100 | ||
7th | Avant 2012, Chicago (United States), Series E | Online platform for consumer loans | $905M | 78/100 | |
8th | Figure 2018, San Francisco (United States), Public | Blockchain-based platform for consumer loans | $435M | 77/100 | |
9th |  Salmon 2022, Taguig (Philippines), Series B | Developer of a platform offering business and consumer loans | $143M | 76/100 | |
10th | Liberis 2007, London (United Kingdom), Acquired | Provider of embedded finance solutions for small businesses | $135M | 76/100 | |
41st | Provider of financial services including consumer, healthcare, education, and SME finance | $9.39M | 58/100 |
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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 | 5175860 | 6748664 | 8062282 | 3241777 |
Fund | 3.49% | 19.7Cr | 177 | 763 | 941 | 288 |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 24.61% | 139Cr | 5699123 | 8462414 | 4575533 | 8621502 |
Angel | 5.47% | 30.8Cr | 10808 | 85623 | 73680 | 56076 |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Other People | - | 42K | 0 | 0 | 0 | 0 |
Total | 100.00% | 563Cr | 5879955 | 7751583 | 4029403 | 2155423 |
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.
Reports related to Monedo
Here is the latest report on Monedo's sector:
News related to Monedo
Media has covered Monedo for a total of 2 events in the last 1 year, 1 of them has been about company updates.
•
•
•
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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