When was Montonio founded?

Montonio was founded in 2018 and raised its 1st funding round within a year of its incorporation.

Where is Montonio located?

Montonio is headquartered in Tallinn, Estonia.

Who is the current CEO of Montonio?

Markus Lember of Montonio. They have also founded 1 company.

How many employees does Montonio have?

As of Apr 30, 2026, the latest employee count at Montonio is 72.

Is Montonio a funded company?

Montonio is a funded company, having raised a total of $15.5M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 16, 2018.

When was the latest funding round of Montonio?

Montonio's latest funding was a $***** Series A round on Apr 12, 2022, with participation from 4 investors.

Where does Montonio rank among its competitors?

Montonio ranks 16th amongst 95 active competitors, of which 11 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was PayU, which secured $35.1M in Jul, 2025.

Who are the top competitors of Montonio?

Montonio's top competitors include PayU, Flutterwave and Checkout. Among them, PayU secured the most recent funding round in July, 2025.

Montonio - 2026 Company Profile, Team, Funding, Competitors & Financials

Montonio is a series A company based in Tallinn (Estonia), founded in 2018 by Markus Lember, Kristofer Turmen and Karel Nappus. It operates as a Provider of payment financing solution for shoppers. Montonio has raised $15.5M in funding from investors like Superangel, Index Ventures and ff Venture Capital. The company has 95 active competitors, including 11 funded and 12 that have exited. Its top competitors include companies like PayU, Flutterwave and Checkout.

Company Details

Provider of payment financing solution for shoppers. It enables consumers to make low-interest installment payments for online products. It allows users to make installment payments via credit and debit cards. It also provides payment integration solutions.

Website: www.montonio.com/
Email ID: *****@montonio.com
Phone Number: +372 **********

Key Metrics

Founded Year

2018

Location

Tallinn, Estonia

Stage

Series A

Total Funding

$15.5M in 4 rounds

Latest Funding Round

Series A, Apr 12, 2022, $*****

Investors

Superangel & 30 more

Ranked

16^th among 95 active competitors

Employee Count

72 as on Apr 30, 2026

Similar Companies

Square & 5797 more

View Montonio's full profile

Montonio is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Montonio Finance Europe OÜ CIN: 14588818 , Estonia, Active	Oct 16, 2018	-	-
MONTONIO FINANCE OÜ CIN: 14557628 , Estonia, Active	Sep 02, 2018	$2.29M (As on Dec 31, 2023)	33 (As on Sep 30, 2024)

Montonio has raised a total funding of $15.5M over 4 rounds. Its first funding round was on Nov 16, 2018. Its latest funding round was a Series A round on Apr 12, 2022 for $*****. 4 investors participated in its latest round. Montonio has 20 institutional investors and 11 angel investors.

Here is the list of recent funding rounds of Montonio:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 12, 2022	4476933	Series A	5632782	8314477	7362353	7207564
Aug 04, 2021	9473496	Seed	6015849	5438933	7175641	Markus Villig & 6 more
Jul 24, 2020	6119564	Seed	7807551	6340344	Gorilla Capital & 2 more	Charlie Songhurst & 3 more

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View details of Montonio's funding rounds and investors

The founders of Montonio are Markus Lember, Kristofer Turmen and Karel Nappus. Markus Lember is the CEO of Montonio.

Here are the details of Montonio's key team members:

Markus Lember: Founder & CEO of Montonio.
Contact Info: 2 email addresses
Kristofer Turmen: Co-Founder, CTO of Montonio.
Karel Nappus: Co-founder & Chief Operating Officer of Montonio.

View details of Montonio's Founder profiles and Board Members

Montonio's employee count trend

Montonio has 72 employees as of Apr 26. Here is Montonio's employee count trend over the years:

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Top competitors of Montonio include PayU, Flutterwave and Checkout. Here is the list of Top 10 competitors of Montonio, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayU 2002, Amsterdam (Netherlands), Series C	Provider of payment solutions and credit products for online merchants	$35.1M	Naspers, Prosus & 4 others	84/100
2nd	Flutterwave 2016, San Francisco (United States), Series D	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Mastercard & 71 others	83/100
3rd	Checkout 2012, London (United Kingdom), Series D	Provider of payment processing and global money movement solutions	$1.83B	Coatue, Insight Partners & 14 others	74/100
4th	Ezetap 2011, Bengaluru (India), Acquired	Cloud-based mPOS software and hardware solutions for businesses	$66.4M	Social Capital, Helion Venture Partners & 43 others	71/100
5th	Equiniti 2002, Lancing (United Kingdom), Acquired	Provider of financial technology and payment processing solutions	-	Strategic Equity Capital, Riverside	60/100
6th	First Data 1971, Atlanta (United States), Acquired	Payments processing service provider	-	Stone Point Capital, W Capital Partners & 3 others	58/100
7th	Itab 1978, Jonkoping (Sweden), Public	Provider of retail solutions including technology, lighting, interior, and related services	-	Svolder, Gov.cz & 2 others	58/100
8th	Worldline Global 1970, Bezons (France), Public	Provider of payment processing solutions for merchants and financial institutions	-	Credit Agricole, Europa	56/100
9th	UnionPay Intl 2012, Shanghai (China), Funding Raised	Operator of payment network facilitating card and mobile-based transactions	-	Addor Capital, SAIF Partners & 11 others	54/100
10th	CyberSource 1994, Foster City (United States), Acquired	Platform offering E-Commerce payment management	-	Batterson Venture Capital, VCapital & 1 others	53/100
16th	Montonio 2018, Tallinn (Estonia), Series A	Provider of payment financing solution for shoppers	$15.5M	Index Ventures, Superangel & 29 others	44/100