Monnai raises $12M led by Motive Partners
EMVC portfolio company Monnai raised $12M from Motive Partners, Commerce Ventures, 500 Global and others.
Monnai’s identity and risk data infrastructure platform processes tens of millions of transactions per month for its clients across the United States, Latin America, Europe, and Asia.
The funding underscores Monnai’s strong growth momentum with a 5x annual revenue growth with the net revenue retention among existing clients approaching 200% as the company became embedded within core identity, fraud, and risk decisioning workflows.
Pierre Demarche, Co-Founder and CEO of Monnai said, “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. With this funding, we will accelerate our ability to deliver high-quality identity and risk insights across billions of identities, while expanding local coverage and improving performance across key markets in Europe and Latin America.”