About Monavate
Monavate is a company based in Cambridge (United Kingdom) founded in 2019 was acquired by Exodus in November 2025. Monavate has raised $6.89 million across 1 funding round from investors including Exodus. The company has 5 employees as of July 31, 2021. Monavate offers products and services including API-First Platform, Acquiring, Global Processing, and BIN Sponsorship. Monavate operates in a competitive market with competitors including Worldpay, Heartland Payment Systems, Euronet Worldwide, Adyen and Marqeta, among others.
- Headquarter Cambridge, United Kingdom
- Employees 5 as on 31 Jul, 2021
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Monavate Ltd
- Date of Incorporation 19 Feb, 2020
- Jurisdiction CAMBRIDGE, ENGLAND
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Annual Revenue
$20.4 M (USD)35as on Jul 31, 2023
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Net Profit
$517.5 K (USD)-49as on Jul 31, 2023
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EBITDA
$612.03 K (USD)-26as on Jul 31, 2023
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Total Equity Funding
$6.89 M (USD)
in 1 rounds
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Latest Funding Round
$6.89 M (USD), Seed
Mar 30, 2021
- Investors
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Employee Count
5
as on Jul 31, 2021
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Acquired by
Exodus
(Nov 24, 2025)
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Products & Services of Monavate
Monavate offers a comprehensive portfolio of products and services, including API-First Platform, Acquiring, Global Processing, and BIN Sponsorship.
Enables seamless payment integrations for businesses
Facilitates secure and seamless payment transactions
Handles multi-currency transactions across borders
Supports launching branded payment cards
People of Monavate
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Funding Insights of Monavate
Monavate has successfully raised a total of $6.89M through 1 strategic funding round. The most recent funding activity was a Seed round of $6.89 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $6.9M
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First Round
First Round
(30 Mar 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Seed - Monavate | Valuation |
investors |
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Investors in Monavate
Monavate has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Exodus.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Colocation, managed hosting, enterprise cloud, and IT solutions are provided.
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Founded Year | Domain | Location |
Investments & Acquisitions by Monavate
Financial Statements - Monavate
Monavate Comparisons
Competitors of Monavate
Monavate operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Worldpay, Heartland Payment Systems, Euronet Worldwide, Adyen and Marqeta, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment services and analytics solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment processing, POS and Gift Card services
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| domain | founded_year | HQ Location |
Electronic payments and transaction processing solutions are offered globally.
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| domain | founded_year | HQ Location |
Payment issuance and processing solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Card-issuing and payment processing solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Merchant acquiring and card processing services are provided in Brazil.
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Frequently Asked Questions about Monavate
Monavate was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Monavate is headquartered in Cambridge, United Kingdom. It is registered at Cambridge, Cambridgeshire, United Kingdom.
Monavate is a funded company, having raised a total of $6.89M across 1 funding round to date. The company's 1st funding round was a Seed of $6.89M, raised on Mar 30, 2021.
As of Jul 31, 2021, the latest employee count at Monavate is 5.
Annual revenue of Monavate is $20.4M as on Jul 31, 2023.
Founded in 2019 and based in Cambridge, United Kingdom, Monavate operates in the fintech sector. Issuer processing and online payment services are delivered to businesses, facilitating connections with card networks and issuing banks. Card issuance management, transaction authorization, and settlement communications are handled. ATM BIN sponsorships are supported through partnerships with multiple ATM processors, alongside end-to-end payment processing and dedicated account management.
Monavate's top competitors include Worldpay, Adyen and Euronet Worldwide.
Monavate offers API-First Platform, Acquiring, Global Processing, and BIN Sponsorship.
Monavate has 1 investor. Key investors include Exodus.