What is Monisnap?
Founded in 2017 and headquartered in Paris, Monisnap operates as a comprehensive fintech platform designed to serve diaspora communities in Europe. The company's core offering includes a mobile money service and a robust money transfer platform that can be integrated by B2B partners. This includes neo-banks like Nickel and other fintech entities, enabling them to offer seamless, secure, and user-friendly international money transfer services to their existing client bases. Monisnap's strategy focuses on providing accessible financial services to individuals eager to support family members abroad, thereby bridging the gap for the unbanked population.
How much funding has Monisnap raised?
Monisnap has raised a total of $11.9M across 1 funding round:
Unspecified
$11.9M
Unspecified (2021): $11.9M with participation from Serena
Key Investors in Monisnap
Serena
Serena is an investor that participated in Monisnap's funding round. Further details on their specific investment focus are not available.
What's next for Monisnap?
The recent major strategic investment signals Monisnap's transition into a scaling phase, likely aimed at expanding its service reach, enhancing its technological infrastructure, and potentially broadening its B2B partnerships. With a focus on enterprise-level funding, the company is well-positioned to solidify its market presence and further innovate within the remittance and cross-border payment industry. Future developments may include deeper integration with financial institutions and the introduction of new financial products tailored to the needs of migrant communities.
See full Monisnap company page
