Monto Analysis: $9M Raised
What is Monto?
Monto provides a platform for flexible employee benefits, enhancing well-being and financial health through various financial products and health services.
Employees
150,000
Founded
2020
Revenue
$3.4M
Business Model
SaaS model charging fees for financial services and partnerships.
Product Features & Capabilities
- Salary on Demand, Variable Pay on Demand, Payroll Advances, Payroll Loans, General Medicine, Mental Health Services, Laboratories, Pharmacies, Optical Services, Discounts and Promotions, Monto Store, Grocery and Fuel Assistance, Education Programs, Loyalty Programs, Digital Payments, Insurance optio
Pricing
- Basic Subscription: $20/month for up to 100 subscribers.
- Additional tiers may apply based on the number of subscribers.
How much Monto raised
1: - $9 million
July 30, 2024Lead Investor: Scale Venture Partners, Verissimo Ventures, F2 Venture Capital, Firsthand Alliance, Room40
Who are the founders of Monto
AQ
Andres Quintanilla
Founder
KD
Karina Derbez
Founder
Competitors Overview
Monto's main competitors in the employee benefits platform market include:
- Deel: This platform specializes in global hiring, HR, and payroll services, allowing companies to manage international workforces efficiently. Deel is known for its strong customer support and rapid feature updates, m
Investors
- Monto has raised $9 million in seed funding.
- The funding round was led by investors including:
- Notion Capital
- 500 Global
- Atooro Fund
- Other undisclosed angel investors
Market Focus
Monto primarily focuses on the employee benefits industry, providing a platform that enhances employee well-being through flexible benefits tailored to the needs of companies.
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