Monetago Inc

MonetaGo's core offering is its Secure Financing system, a platform designed to combat duplicate financing fraud, a significant issue where a borrower uses the same collateral for multiple loans from different institutions. The system serves banks, non-bank financial institutions, fintechs, and trade finance funds globally. Its business model aligns with global regulatory mandates aimed at securing supply chains and increasing access to capital for underserved sectors by reducing the inherent risks of trade finance. Access to the platform is available through various methods, including direct APIs and the global SWIFT network, making it widely accessible to the financial community.

The Secure Financing platform operates by creating a unique digital fingerprint, or hash, of key data from trade documents like invoices, bills of lading, and warehouse receipts. When a financier receives a financing request, it registers this fingerprint in MonetaGo's global registry. The system then performs a real-time check to see if the same document has been previously registered by another institution. This deduplication process occurs within a confidential computing environment, ensuring that sensitive customer data is never shared directly between institutions, thus maintaining privacy and security. The platform also authenticates documents against reliable data sources to detect forgeries. A key milestone was the successful launch of its Trade Financing Validation Service over the SWIFT network, a move that gained industry-wide recognition. The company has established a significant presence in India, where its system has been instrumental in the growth of the Trade Receivables Discounting System (TReDS) since 2018, and has formed partnerships with major organizations like Oracle, the International Chamber of Commerce (ICC), and the Association of Banks in Singapore.