Monnai raises $12m to power AI-driven identity and risk decisions

By Vriti Gothi

Monnai, a global identity and risk data infrastructure provider, has raised $12 million in an equity funding round led by Motive Partners, as it looks to scale its real-time identity, fraud and credit decisioning capabilities across international markets.

The round also saw participation from existing investors, including Commerce Ventures and 500 Global, taking Monnai’s total funding to more than $23 million since its founding in 2021.

The funding comes at a time when financial institutions and digital platforms are increasingly reliant on AI-driven models for customer onboarding, fraud prevention and credit assessment, where the quality, latency and observability of underlying data have become critical constraints. Monnai positions itself as a foundational data layer, aggregating hard-to-access identity and risk signals to support real-time decision-making across jurisdictions.

Monnai said the new capital will be used to accelerate adoption of its infrastructure, expand coverage in Europe and Latin America, and further invest in its core data platform. The company also plans to hire across engineering, data and go-to-market functions over the next 12 to 18 months.

The company’s platform is live across four continents and enables local market deployments in days rather than months, according to Monnai. It processes tens of millions of transactions per month and delivers sub-500 millisecond decisioning latency. Built-in back-testing and observability tools allow customers to monitor data quality and optimise risk models at scale.

Monnai reported operating profit in 2025 and fivefold year-on-year revenue growth, based on internal figures, with net revenue retention approaching 200% as customers expanded usage across core risk and fraud workflows.

“While risk models and AI-driven decisioning continue to advance, their effectiveness is fundamentally constrained by the quality of the data behind them,” said Pierre Demarche, co-founder and chief executive of Monnai. “Our mission is to become the trusted global data infrastructure for identity and risk, delivering the accuracy, latency and observability required to power real-time decisioning at scale.”

As cross-border digital onboarding and real-time risk assessment become more central to financial services and embedded finance models, platforms such as Monnai are emerging as infrastructure providers aimed at standardising identity and risk decisioning across markets.