Tiger Global leads Monnai's Series A round

EMVC portfolio company Monnai, which is a global consumer insights infrastructure for financial institutions, raised $6.5mm from Tiger Global, 500 Global, EMVC, Better Tomorrow Ventures and others.

"Monnai stands out for its unique ability to simplify in one seamless platform the complex web of information sources businesses must navigate to best make decisions," said Alex Cook, Partner, Tiger Global. "We are thrilled to support their mission of scaling this solution further, which we believe will be a key enabler to the growth of the fintech market as a whole."

Monnai’s CEO and co-founder Pierre Demarche said, "In a digital-first world, every business is a fintech. Whether you’re in an established market or an emerging market, there’s an inherent need for clean infrastructure. Businesses globally have been developing strong capabilities using more and more data to make their own decisions. The challenge is to get access to the insights that will inform decisions across silos and use cases and in as many useful ways as possible. This is where Monnai comes into play, providing a single source of truth for businesses across entire customer and transactions lifecycles."

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