back Back

Monneo triples customers as demand for Digital Banking solutions soars

By Joy Dumasia

December 15, 2021

  • Bulgaria Office
  • Digital Transformation
  • Digitalisation
Share

Monneo is celebrating a year of exceptional company growth resulting in a three-fold increase in its customer base in 2021. Further to significant inward investment, including a substantial rebrand, several key partnership announcements, a landmark deal with cryptocurrency exchange Coinbase, and the completion of agreements with several card acquirers Monneo continues to go from strength to strength.

The entirely self-funded business has recently opened a new office in Sofia, Bulgaria, providing the company with extra capacity to deal with the continued demand for its services and sustained growth in its customer base. The new office space will also support Monneo’s new card acquiring service for online merchants.

Monneo can now offer a proper end-to-end solution for eCommerce merchants. Customers can use the company’s solutions to process online payments, receive settlements, transact and payout, whilst maintaining control of multiple IBAN accounts and merchant accounts at several different banks through a single platform/API.

eCommerce merchants can accept card payments on their websites, receive settlements in the provided IBAN accounts and make incoming and outgoing bank transfers to third parties worldwide in 134 currencies. The solution also enables B2B invoices to be paid in an extensive range of cryptocurrencies.

Lili Metodieva, Managing Director of Monneo, commented: “We’re all proud of what has been achieved this year and look forward to building on that success in 2022. As a company, we’ve witnessed an almost doubling of our team and a trebling of our customer base in the past year. Customers are already benefitting from an expanded array of financial institutions included in our network, as well as the launch of our card processing service and our new partnership with Coinbase. Only with Monneo do customers have access to multiple banking accounts and several card acquiring services all through a single platform. We remain committed to our customers and will continue to provide access to a digital banking network that supports eCommerce B2B IBAN accounts. The current banking setup isn’t suited to the demands of modern eCommerce businesses. There remains a lack of understanding of what online businesses need and too much fragmentation across the market. Our solution helps to put an end to that, delivering a more reactive and responsive alternative.”

Previous Article

December 15, 2021

FSS and CSB Bank launch Smart Cash to boost financial inclusion

Read More
Next Article

December 15, 2021

Wilshire announces Blythe Masters as Chair of new Digital Assets Advisory Group

Read More








IBSi Daily News Analysis

digital wallets

March 01, 2024

Bulgaria Office

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 01, 2024

AsiaVerify & Visa to bolster digital payments and banking in APAC

Read More

March 01, 2024

FinTech Focus: Catch latest developments of the week

Read More

March 01, 2024

Fimple partners with CR2 to enhance digital banking and payments

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023