Monite is a London, United Kingdom-based company that enables B2B platforms like neobanks and vertical SaaS providers to integrate invoicing and payables automation for their clients. The company specializes in services for small and medium-sized businesses, fintech companies, neobanks, payment providers, and broader B2B platforms.
Founded in 2020, Monite offers services like AI invoicing, bill pay, expense management, and APIs for accounts receivable and payable. Its revenue model is based on transaction fees, commissions, and usage-based charges. The company operates a B2B, SaaS, and embedded finance business model, focusing on sectors like financial services, fintech, and payments.