# Monea

**Source:** https://www.startuphub.ai/startups/monea
**Profile type:** Startup

> A fintech company providing flexible payment solutions for consumers and businesses.

## About

Monea is a Latvian fintech startup that offers a buy-now-pay-later (BNPL) service, allowing consumers to split purchases into installments. It partners with businesses to integrate these payment options, aiming to increase sales and customer loyalty.

## Key facts

- **Slug:** monea
- **Website:** https://monea.com/
- **Location:** Riga, Latvia
- **Founded:** 2020-01-01 00:00:00
- **Operating status:** Inactive
- **Total funding:** $63M
- **Sectors / tags:** Fintech, Payments, E-commerce
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/monea-app/

## Frequently asked

### What does Monea do?

Monea is a Latvian fintech startup that offers a buy-now-pay-later (BNPL) service, allowing consumers to split purchases into installments. It partners with businesses to integrate these payment options, aiming to increase sales and customer loyalty.

### What is Monea's revenue?

StartupHub estimates Monea's annual revenue at $68.3M (range $64.3M to $244.4M, 42% confidence), based on comparable companies in the sector.

### What is Monea's valuation?

StartupHub estimates Monea's effective valuation at $884.2M (range $619.0M to $1.1B, 32% confidence), based on comparable companies in the sector.

### How much funding has Monea raised?

Monea has raised a total of $63M in funding. The most recent round on record is Series B.

### Where is Monea headquartered?

Monea is headquartered in Riga, Latvia.

### When was Monea founded?

Monea was founded in 2020.

### What industry does Monea operate in?

Monea operates in Fintech, Payments, E-commerce.

### What is Monea's current status?

Monea's current operating status is: Inactive.

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