About Monavate
Monavate is a Financial Services company based in Cambridge (United Kingdom) founded in 2019, and was acquired by Exodus in November 2025. Online payment and issuer processing solutions are provided for businesses. Monavate has raised $6.89 million across 1 funding round from investors including Exodus. The company has 5 employees. Its website monavate.com draws about 22 thousand monthly visits. Monavate offers products and services including API-First Platform, Acquiring, Global Processing, and BIN Sponsorship. Its focus areas include FinTech, Payments, Enablers and Issuer Processor. Its legal entity is MONAVATE LTD.
Company details
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.
- Headquarters Cambridge, United Kingdom
- Employees 5
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website monavate.com
- Social LinkedIn X
- Acquired by Exodus (Nov 2025)
- Legal Name Monavate Ltd
- Date of Incorporation 19 Feb, 2020
- Jurisdiction CAMBRIDGE, ENGLAND
- Annual Revenue$20.4 M (USD)35as on Jul 31, 2023
- Net Profit$517.5 K (USD)-49as on Jul 31, 2023
- EBITDA$612.03 K (USD)-26as on Jul 31, 2023
- Total Equity Funding$6.89M (USD)
in 1 rounds
- Latest Funding Round$6.89M (USD), Seed
Mar 2021
- Investors
- Employee Count5
- Acquired byExodus
(Nov 2025)
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
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 $6.89M
- Total Rounds 1
- Last Round Seed — $6.89M
- First Round $6.89M
(Mar 2021)
All 1 funding rounds of Monavate with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2021 | $6.89M | Seed | – | – | – |
1 investors in total: 1 institutional.
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 |
|---|---|---|---|---|
Colocation, managed hosting, enterprise cloud, and IT solutions are provided. | 2015 | exodus.com | Omaha, United States |
Investor details for Monavate
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Monavate
24 people are tracked at Monavate (14 in leadership, 10 in team); the tracked headcount is 5.
| Name | Role | Group |
|---|---|---|
Aušra Jankauskienė | Head Of Compliance | Leadership |
Adam Whitehall | Head Of Card Scheme Operations | Leadership |
Janet Stones | Head Of Product | Leadership |
Elizabeth Barnes | Chief Operating Officer (COO) & Chief Finance Officer (CFO) | Leadership |
Nick Playford | Head of Finance Operations | Leadership |
Michael Rolph | CEO | Leadership |
Mat Peck | Chief Technology Officer | Leadership |
Paul Osborne | Head Of Integration | Leadership |
Paul Marsden | Head Of Risk | Leadership |
Steven Fuse | Head Of Compliance & MLRO | Leadership |
Elizabeth Agricole-Barnes | Chief Operating Officer (coo) | Leadership |
Abbas Memon FCCA | Head Of Financial Planning & Analysis | Leadership |
Barry Thirkell | Commercial Director - Fintech And Web3 | Leadership |
Egle A. | Head Of Administration | Leadership |
Suzanne Lynch | Financial Crime Manager | Team |
David Nyamatore (MBA) | General Counsel | Team |
Sonia S. | Legal Counsel | Team |
Lookpa Udomsalee-Little | Senior Revenue Controller | Team |
Usman Shahid | Compliance Auditor | Team |
Ryan Shepherd | Senior Product Manager | Team |
4 more people are available in the full profile.
Complete people profiles for Monavate
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Monavate
3 dated milestones of Monavate across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Monavate is founded.
- Funding First funding round of $6.9M.
- Exit Acquired by Exodus.
Web traffic of Monavate
The website of Monavate (monavate.com) receives about 22.2K visits a month.
- Monthly visits22.2K
▲ 11.2% vs previous month
Websites whose visitors overlap most with Monavate. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| fundingcircle.com | 70% | 217.8K | #179,406 | View details |
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Related news about Monavate
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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 2021.
Monavate has 5 employees.
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 offers API-First Platform, Acquiring, Global Processing, and BIN Sponsorship.
Monavate has 1 investor. Key investors include Exodus.
Monavate operates through Monavate Ltd.
Yes. Monavate was acquired by Exodus in November 2025.