About Monedo
Monedo is a company based in Mumbai (India) founded in 2017 by Ashish Kohli. It operates as a Commission-Based and FinTech. Monedo has raised $14.91 million across 10 funding rounds from investors including Mihuru, Vardan Funds and N+1 Capital. The company has 26 employees as of April 05, 2024. Monedo offers products and services including Consumer Finance, Healthcare Finance, SME Finance, Supply Chain Finance, and Education Loan. Monedo operates in a competitive market with competitors including InCred, Clix Capital, DMI Finance, ZipLoan and Usha Financial, among others.
- Headquarter Mumbai, India
- Employees 26 as on 05 Apr, 2024
- Founders Ashish Kohli
- Stage Minicorn
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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
*********
- Legal Name Monedo Financial Services Private Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.18 M (USD)321.29as on Mar 31, 2023
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Net Profit
-$1.27 M (USD)-84.33as on Mar 31, 2023
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EBITDA
-$943.13 K (USD)-188.17as on Mar 31, 2023
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Total Equity Funding
$14.91 M (USD)
in 10 rounds
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Latest Funding Round
$771.23 K (USD), Seed
Apr 02, 2025
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Investors
Mihuru
& 80 more
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Employee Count
26
as on Apr 05, 2024
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Products & Services of Monedo
Monedo offers a comprehensive portfolio of products and services, including Consumer Finance, Healthcare Finance, SME Finance, Supply Chain Finance, and Education Loan.
Loans are provided for personal consumer needs and expenses.
Financing is offered for healthcare expenses and services.
Loans are extended to small and medium enterprises.
Funding is provided for supply chain business operations.
Loans are given for educational purposes and fees.
Financing is available for travel and related expenses.
People of Monedo
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Software Development Team
2 people
Leadership Team
2 people
Human Resources and Administration
1 people
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Funding Insights of Monedo
Monedo has successfully raised a total of $14.91M across 10 strategic funding rounds. The most recent funding activity was a Seed round of $771.23 thousand completed in April 2025. 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 10
- Last Round Seed — $771,230
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First Round
First Round
(29 Mar 2021)
- Investors Count 81
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Seed - Monedo | Valuation |
investors |
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| Oct, 2024 | Amount | Seed - Monedo | Valuation | Vardan Ceqube Advisors |
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| May, 2024 | Amount | Debt – Venture - Monedo | Valuation |
investors |
Investors in Monedo
Monedo has secured backing from 81 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mihuru, Vardan Funds and N+1 Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment fund management and advisory services in India.
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Founded Year | Domain | Location | |
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Revenue-based growth capital is provided for Indian entrepreneurs.
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Founded Year | Domain | Location | |
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Venture assistance and strategic advice are provided to startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Monedo
Financial Statements - Monedo
Monedo Comparisons
Competitors of Monedo
Monedo 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 InCred, Clix Capital, DMI Finance, ZipLoan and Usha Financial, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial services are provided, specializing in personal and business loans.
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| domain | founded_year | HQ Location |
Lending platform for consumers and businesses is provided.
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| domain | founded_year | HQ Location |
Personal, MSME, consumption, and EV loans are provided digitally.
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| domain | founded_year | HQ Location |
Unsecured business loans are provided to small and medium enterprises.
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| domain | founded_year | HQ Location |
NBFC offering loans to entrepreneurs, MSMEs, and individuals
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| domain | founded_year | HQ Location |
Online lending marketplace for business loans
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Frequently Asked Questions about Monedo
Monedo was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Monedo is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Ashish Kohli is the current CEO of Monedo. They have also founded this company.
Monedo is a funded company, having raised a total of $14.91M across 10 funding rounds to date. The company's 1st funding round was a Debt – Venture of $2.51M, raised on Mar 29, 2021.
As of Apr 05, 2024, the latest employee count at Monedo is 26.
Annual revenue of Monedo is $1.18M as on Mar 31, 2023.
Monedo Financial Services Private Limited is involved in offering a range of lending solutions across various sectors. Services are provided in consumer finance, healthcare finance, personal loans, education loans, travel loans, SME finance, and supply chain finance. Operations are conducted with a focus on ethical lending practices as regulated by the Reserve Bank of India. The company is committed to transparency, flexibility, and responsible lending with integrity. Based in India, multiple financial products are tailored to meet the needs of individual and business clients across different industries.
Monedo's top competitors include InCred, Clix Capital and Usha Financial.
Monedo offers Consumer Finance, Healthcare Finance, SME Finance, Supply Chain Finance, and 2 more products and services.
Monedo has 81 investors. Key investors include Mihuru, Vardan Funds, N+1 Capital, Karmaconstruction, and Pooja Pankaj Dave.
The valuation of Monedo is $60.5M as of Oct 2024.