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 Jul 31, 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 11th amongst 45 active competitors, of which 7 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Flutterwave, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of Montonio?

Montonio's top competitors include PayU, Flutterwave and InstaReM. Among them, Flutterwave secured the most recent funding round in July, 2026.

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

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

11^th among 45 active competitors

Employee Count

72 as on Jul 31, 2026

Similar Companies

PayPal & 3733 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	€1M - €10M (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	9415511	Series A	9284689	2288646	4893507	1167601
Aug 04, 2021	2256586	Seed	1592058	1460402	2954212	Markus Villig & 6 more
Jul 24, 2020	4194096	Seed	2547167	8951992	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 is Markus Lember. 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

View details of Montonio's Founder profiles and Board Members

Montonio's employee count trend

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

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Top competitors of Montonio include PayU, Flutterwave and InstaReM. 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), Funding Raised	Provider of online payment solutions and financial services for businesses	-	PROSPER, Gecad Ventures & 4 others	84/100
2nd	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Tiger Global Management & 73 others	83/100
3rd	InstaReM 2014, Singapore (Singapore), Series C	Cross-border money transfers for businesses and individuals	$5M	MDI Ventures, Vertex Ventures & 4 others	66/100
4th	First Data 1971, Atlanta (United States), Acquired	Payments processing service provider	-	Owl Capital Group, HarbourVest Partners & 4 others	63/100
5th	Worldline 1972, Paris (France), Public	Provider of payment processing solutions for merchants and financial institutions	-	Credit Agricole, Europa	61/100
6th	Cleeng 2011, Amsterdam (Netherlands), Series B	Provider of subscriber management system	$7.55M	Walvis, VOCCP & 3 others	58/100
7th	Curlec 2018, Kuala Lumpur (Malaysia), Acquired	Automated payment collection solution	-	500 Global, Captii Ventures & 3 others	58/100
8th	Equiniti 2002, Lancing (United Kingdom), Acquired	Provider of financial technology and payment processing solutions	-	Strategic Equity Capital, Riverside	58/100
9th	UnionPay Intl 2012, Shanghai (China), Funding Raised	Operator of payment network facilitating card and mobile-based transactions	-	SAIF Partners, China Merchants Capital & 11 others	57/100
10th	CyberSource 1994, Foster City (United States), Acquired	Platform offering E-Commerce payment management	-	Batterson Venture Capital, VCapital & 1 others	56/100
11th	Montonio 2018, Tallinn (Estonia), Series A	Provider of payment financing solution for shoppers	$15.5M	Seedcamp, Superangel & 29 others	44/100