Monato

About Monato

Monato provides a modular financial infrastructure platform that enables companies to embed financial services through a single API. Founded in 2024 by Iñigo Rumayor and headquartered in Mexico City, the company specializes in offering a unified payment network, automated transfers via SPEI, and B2B lending services. Its client base includes fintechs, retailers, and SMEs, providing them with tools for automating payments, deposits, transfers, and credit needs.

The company's product suite is designed for modularity and ease of implementation. Monato Pay serves as a unified payment network connecting various entities like billers, digital wallets, and banks to handle bill payments, mobile top-ups, and cash solutions. Finch by Monato facilitates automated single and bulk transfers through Mexico's SPEI system and allows for the creation of CLABE accounts. Additionally, Monato Financial offers B2B lending options by integrating credit solutions into its infrastructure through partnerships.

The business model is centered on building partnerships and succeeding through client success, aiming to simplify operational loads and expand revenue for its customers. In May 2025, Monato raised $13 million in a seed funding round led by Monashees and FinTech Collective, with participation from IGNIA Partners, Clocktower Ventures, Polymath Ventures, and Angel Ventures. The funds are intended for launching new services such as direct debit and cross-border payments.