MONET is focused on delivering sector specific financial technology products to agency businesses (think creative, marketing, influencer, affiliate and social agencies), we summarise our offering as a “financial operations platform for agencies”.
There are fintech’s who are non-competitive to MONET which have achieved significant success from offering similar products to other sectors, such as “financial tools for ecommmerce” (Juni) and Ramp’s spend management platform.
| Name | URL | Overview | Target market | Raised | Location |
|---|---|---|---|---|---|
| Ramp | http://www.ramp.com | Corporate cards and spend management platform. offers some working capital solutions | US startups and enterprise. | $1bn | US |
| Juni | http://www.Juni.co | Financial companion for ecommerce businesses, corporate cards, credit and accounting automations | Ecommerce businesses | $175m | Sweden/US |
| Moss | http://www.getmoss.com | Corporate card and spend management | PE/VC backed companies, consultancy and retail. Typically multi location. | $153m | Germany |
MONET is focused on delivering sector specific financial technology products to agency businesses (think creative, marketing, influencer, affiliate and social agencies).
We recently had a competitor named Peblo (acquired by Wayflyer). Peblo is winding up as it has been deemed non-strategic for Wayflyer, who funded it’s £10m balance from their own balance sheet and cost Wayflyer £250K per month for it’s operations which were significantly inflated at the time whilst Wayflyer looks to find profit.
MONET is working with Peblo to inherit all of its UK and EU business, with interest in it’s US customers too. Aside from Peblo, there is no longer a sector specific true competitor, but there are players who are working on providing finance and payment tools to similar industries as above and below. Meaning there is a significant opportunity to build an industry specific financial platform to an agency economy growing at over 24% YoY.
An overview of the competitive landscape addresses the following considerations: