Monite - About the company
Monite is an acquired company based in Berlin (Germany), founded in 2020 by Alexander Polovnikov, Andrey Korchak and Ivan Maryasin. It operates as a Developer of API platform providing automated invoicing and bill payment solutions. Monite has raised $22.8M in funding from investors like Valar Ventures, Point72 Ventures and Third Prime. The company has 711 active competitors, including 51 funded and 40 that have exited. Its top competitors include companies like Bill, Clear and Zuora.
Company Details
Developer of API platform providing automated invoicing and bill payment solutions. The platform offers accounts receivable and accounts payable functionality, accounting integrations, and payments. It provides application programming interface, software development kit, and iFrame to launch accounts receivable, accounts payable, and expense management. The platform offers resources for B2B growth.
- Website
- www.monite.com/
- Social
- Email ID
- *****@monite.com
- Phone Number
- +49 **********
Key Metrics
Founded Year
2020
Location
Berlin, Germany
Stage
Acquired
Total Funding
$22.8M in 5 rounds
Latest Funding Round
Investors
Ranked
16th among 711 active competitors
Employee Count
21 as on May 31, 2026
Exit Details
Acquired by OakNorth Bank (Jun 01, 2026)
Legal entities associated with Monite
Monite is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Monite GmbH CIN: HRB221153 , Germany, Active | Sep 15, 2020 | - | - |
Monite's acquisition details
Monite got acquired by OakNorth Bank on Jun 01, 2026.
Click here to take a look at Monite's acquisition in detail
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Monite's funding and investors
Monite has raised a total funding of $22.8M over 5 rounds. Its latest funding round was a Seed round on Feb 20, 2024 for $*****. 5 investors participated in its latest round. Monite has 14 institutional investors and 12 angel investors.
Here is the list of recent funding rounds of Monite:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 20, 2024 | 4817695 | Seed | 1817809 | 9960088 | 9989306 | 1286791 |
Mar 21, 2023 | 8677694 | Seed | 4175095 | 3122684 | 7066764 | |
Feb 22, 2022 | 2218093 | Seed | 7141216 | 8966681 |
Access funding benchmarks and valuations. Sign up today!View details of Monite's funding rounds and investors
Monite's founders and board of directors
Founder? Claim ProfileThe founders of Monite are Alexander Polovnikov, Andrey Korchak and Ivan Maryasin. Ivan Maryasin is the CEO of Monite.
Here are the details of Monite's key team members:
- Alexander Polovnikov: Co-Founder of Monite.
- Andrey Korchak: Co-Founder & CTO of Monite.
- Ivan Maryasin: Co-Founder & CEO of Monite. Contact Info: 1 email address
View details of Monite's Founder profiles and Board Members
Monite's employee count trend
Monite has 21 employees as of May 26. Here is Monite's employee count trend over the years:
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Monite's Competitors and alternates
Top competitors of Monite include Bill, Clear and Zuora. Here is the list of Top 10 competitors of Monite, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Bill 2006, San Jose (United States), Public | Provider of accounts payable, accounts receivable, and spend management solutions | $326M | 82/100 | |
2nd | Technology-enabled accounting and finance solutions for SMBs | $141M | 78/100 | ||
3rd | Zuora 2007, Redwood City (United States), Acquired | Cloud-based invoice and subscription management solutions for businesses | $243M | 77/100 | |
4th | Melio 2018, New York City (United States), Acquired | Provider of accounts payable and receivable solutions for businesses | $654M | 77/100 | |
5th | Paymentus 2004, Atlanta (United States), Public | Provider of a platform for intelligent billing and payment solutions | $23.6M | 73/100 | |
6th | Lili 2018, New York City (United States), Series B | Digital bank for freelancers | $80M | 69/100 | |
7th | Routable 2016, San Francisco (United States), Series B | Provider of accounts payable automation, vendor management, and payment solutions | $47.7M | 67/100 | |
8th | Global Healthcare Exchange 2000, Louisville (United States), Acquired | Cloud-based healthcare supply chain solutions for efficiency and improved patient outcomes | - | 63/100 | |
9th | Viewpost 2011, Maitland (United States), Series C | Online payment solutions for businesses | $129M | 62/100 | |
10th |  Mimo 2023, London (United Kingdom), Seed | Cashflow and payments management platform for businesses | $28.1M | 60/100 | |
16th | Developer of API platform providing automated invoicing and bill payment solutions | $22.8M | 57/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Monite's competitors? Click here to see the top ones
Monite's Investments and acquisitions
Monite has made no investments or acquisitions yet.
Reports related to Monite
Here is the latest report on Monite's sector:
News related to Monite
Filter this listMedia has covered Monite for a total of 2 events in the last 1 year.
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OakNorth Enhances Automation with Strategic Transaction with MoniteFStech•Mar 11, 2026•Monite, OakNorth
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ACE Alternatives and Monite Collaborate to Transform Fund ManagementNewswire•Jun 28, 2024•Monite, Ace Alternatives
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Fintech Monite Announces Additional Funding to Support US Expansion EffortsCrowdfund Insider•Feb 20, 2024•RealBlocks, Monite
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Monite raises EUR 6 million in funding roundThe Paypers•Feb 20, 2024•Monite, Valar Ventures, Third Prime, N26 and 1 other
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Monite Appoints Leaders from Marqeta, Mollie, and Atom Bank to Drive GrowthFintech Finance•Jul 26, 2023•Monite
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Fintech startup by Ivan Maryasin Monite raises another $5 millionRusbase•Mar 25, 2023•Monite, Third Prime, s16vc, Audeo Ventures and 3 others
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Monite doubles seed round to $10mFinextra•Mar 20, 2023•Monite, Third Prime, s16vc, Audeo Ventures and 4 others
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