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Monavate logo — A single, fully regulated payments platform that enables com...

Monavate

A single, fully regulated payments platform that enables companies to issue, move, and settle money globally - at scale.

Founded 2020 United Kingdom Cambridge, United Kingdom 69 employees Seed Total: $5.00M

General Information

Company Name Monavate
Founded Year 2020
Location United Kingdom Cambridge, United Kingdom
Employees 69
Funding Stage Seed
Business Model B2B, Platform, API
Revenue Model Service Fee, Usage Based, Transaction Fee
Social

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About Monavate

Monavate is a UK-based fintech startup breaking ground in the payments industry since its inception in 2020. Gaining prominence as a principal member of Visa, Mastercard, and Discover, the company offers streamlined card scheme sponsorship and best-in-class technology, enabling ambitious fintech companies to innovate in financial products.

The company’s platform is engineered to simplify payments while empowering its partners to scale efficiently. With an impressive operational footprint, Monavate has issued over 4.5 million cards and facilitated more than 270 million transactions, accumulating over £3.5 billion in customer spend across 32 countries.

A pivotal funding milestone occurred on 01 March 2021, when Monavate secured a £5.00M Seed investment, propelling the company’s mission to "turn payments into power." This financial backing underscores investor confidence and positions Monavate as a burgeoning leader in fintech innovation.

Business keywords: Card Scheme Sponsorship, Payment Technology, Visa Principal Member, Mastercard Principal Member, Discover Principal Member, Fintech Innovation, Financial Product Development, Transaction Processing, Compliance Platform, Payment Providers, Card Issuance, Financial Technology Scaling, Payment Disruption, Tech-Enabled Compliance, International Payments

Services & Products

Payments Processing
API Integration
Card Issuing and Management
Blockchain Payment Solutions
Fraud Detection and Prevention
KYC/AML Compliance
Multi-currency and Global Transactions

Target Customers

Fintech Companies Web3 and Blockchain Companies Travel Companies Insurance Providers Media Buyers Fleet Management Companies Enterprises seeking customized payment solutions

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Seed £5.00M -
01 Mar 2021

Monavate Alternatives & Competitors

Monavate vs
Swan
Swan France

Bringing banking into the software businesses use everyday.

Series B
314 employees
Fintech, Payments
Monavate vs
ContactPay
ContactPay United Kingdom

Fulfil Global Potential with Local Payment Solutions

17 employees
Crypto, Financial Services

FAQ About Monavate

A single, fully regulated payments platform that enables companies to issue, move, and settle money globally - at scale.
Monavate was founded in 2020.
Monavate is headquartered in Cambridge, United Kingdom.
Monavate has a B2B, Platform and API business model. Its revenue comes from Service Fee, Usage Based and Transaction Fee.
Monavate has approximately 69 employees.
Monavate has completed 1 funding round, raising a total of $5.00M. The latest funding stage is Seed.
Monavate offers: Payments Processing, API Integration, Card Issuing and Management, Blockchain Payment Solutions, Fraud Detection and Prevention, KYC/AML Compliance, Multi-currency and Global Transactions.
Top alternatives and competitors to Monavate include Swan, ContactPay. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Monavate and Swan are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Monavate, https://bouncewatch.com/company/monavate, updated 25 September 2026. When citing, please name BounceWatch and link this page.

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