Mono Colombia Analysis
What is Mono Colombia?
Mono provides B2B financial infrastructure for companies operating in Colombia. Its product set includes wallets, Visa cards, disbursements, collections, and Bre-B payments. The company reports more than 1 billion dollars processed, over 6 million transactions, and more than 200 companies onboarded.
Location
8 Professor Gabriel Olusanya St Lekki Phase 1, Lagos, Lagos 106104, Nigeria
Employees
11-50
Founded
2020
Revenue
$1-5.1M
Company Stage
Seed
YC Batch
W22
Product Features & Capabilities
- digital wallet, virtual cards, physical cards, payment dispersion services, API for mass transfers, real-time payment automation
Pricing
- For users created before November 1, 2023:
- Monthly subscription: COP$29,900 + IVA
- Includes up to 15 Mono cards (10 virtual, 5 physical)
- Additional costs:
- Link de cobro: 2.65% + COP$900 + IVA
- Turbo Transfers: COP$1,990 + IVA
- ACH Transfer: COP$2,500 + IVA
- For users created on or after November 1, 2023:
- Monthly subscription: COP$399,900 + IVA
- Includes up to 25 Mono cards (20 virtual, 5 physical)
- Additional costs:
- Link de cobro for amounts < COP$500,000: 2.65% + COP$900 + IVA
- Link de cobro for amounts ≥ COP$500,000: COP$15,000 + IVA
- Turbo Transfers: COP$1,990 + IVA
- ACH Transfer: COP$2,500 + IVA
- Users can apply for exceptions to reduce subscription fees based on transaction volume.
HQ Full Address
8 Professor Gabriel Olusanya St Lekki Phase 1, Lagos, Lagos 106104, Nigeria
Market Focus
Mono Colombia primarily focuses on the fintech industry, providing solutions such as digital wallets, virtual and physical cards, and payment processing services.
Competitors Overview
Mono Colombia operates in the fintech sector, providing digital wallets, virtual and physical cards, and payment processing services. Its main competitors include:
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OPay: OPay offers a comprehensive platform for financial services, including money transfers, bill payments, and mobile top-ups. Its main advantage is the convenience of a one-stop solution for various financial needs, which saves users time and effort.
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Autobooks: This company specializes in providing digital banking solutions, including automatic transaction reporting and invoicing capabilities. Autobooks allows businesses to accept payments via credit card and ACH, with competitive processing fees, making it attractive for small businesses looking for efficient payment solutions.
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Moven: Moven provides digital banking solutions focused on financial wellness tools and personalized insights. Its advantage lies in customer engagement analytics, which helps users manage their finances more effectively.
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GuiaBolso: This platform offers personal finance management tools and credit solutions, helping users track their spending and improve their financial health.
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Rush Street Interactive: While primarily known for its online gaming and sports betting, it also offers financial services that may overlap with fintech solutions.
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Transfeera: This company focuses on payment processing and financial management, catering to businesses that require efficient transaction handling.
Notable differences include OPay's all-in-one platform approach, Autobooks' focus on small business invoicing, and Moven's emphasis on financial wellness.
Business Model
Fintech infrastructure enabling digital wallets, card issuance, and transaction processing for businesses.
Investors
- Tiger Global
- Soma Capital
- Y Combinator
- Angel investors
Company Pricing
- For users created before November 1, 2023:
- Monthly subscription: COP$29,900 + IVA
- Includes up to 15 Mono cards (10 virtual, 5 physical)
- Additional costs:
- Link de cobro: 2.65% + COP$900 + IVA
- Turbo Transfers: COP$1,990 + IVA
- ACH Transfer: COP$2,500 + IVA
- For users c
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