About Monit
Monit is a company based in Boston (United States) founded in 2019 by Sean Collins. It operates as a SaaS (Software-as-a-Service), and FinTech. Monit has raised $9.54 million across 4 funding rounds from investors including 1982 Ventures, TTV Capital and Runway Venture Partners. Monit offers products and services including SMB Analytics Platform, Banker Intelligence Platform, Accounting Insights, and MoniCore Transaction Data Insights. Monit operates in a competitive market with competitors including Anaplan, DreamQuark, FNA, Coviance and FI Navigator, among others.
- Headquarter Boston, United States
- Founders Sean Collins
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Signal Financial Technologies, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.54 M (USD)
in 4 rounds
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Latest Funding Round
$3.59 M (USD), Series B
Mar 15, 2024
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Investors
1982 Ventures
& 5 more
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Employee Count
Employee Count
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Products & Services of Monit
Monit offers a comprehensive portfolio of products and services, including SMB Analytics Platform, Banker Intelligence Platform, Accounting Insights, and MoniCore Transaction Data Insights. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform providing analytics for small business financial insights.
Tool offering bankers insights for client relationship growth.
Service delivering accounting data analysis for business decisions.
Solution analyzing transaction data for revenue opportunity identification.
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Funding Insights of Monit
Monit has successfully raised a total of $9.54M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $3.59 million completed in March 2024. 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 4
- Last Round Series B — $3.6M
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First Round
First Round
(08 Apr 2020)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series B - Monit | Valuation |
investors |
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| Feb, 2022 | Amount | Series A - Monit | Valuation | 1982 Ventures |
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| Apr, 2021 | Amount | Series A - Monit | Valuation | TTV Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Monit
Monit has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include 1982 Ventures, TTV Capital and Runway Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage fintech investments are focused on in Southeast Asia.
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Founded Year | Domain | Location | |
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Investments are made by TTV Capital in early-stage fintech companies.
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Founded Year | Domain | Location | |
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Early-stage seed investments are made in SaaS and software businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Monit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Monit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Monit Comparisons
Competitors of Monit
Monit 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 Anaplan, DreamQuark, FNA, Coviance and FI Navigator, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Operational planning and forecasting solutions are offered to businesses.
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| domain | founded_year | HQ Location |
AI-based data monitoring solutions are provided for financial services.
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| domain | founded_year | HQ Location |
Cloud-based risk management solutions are provided for financial institutions.
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| domain | founded_year | HQ Location |
Home equity lending automation technology is provided for streamlined workflows.
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| domain | founded_year | HQ Location |
Bank data and analytics platform for the banking Industry
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Monit
Frequently Asked Questions about Monit
When was Monit founded?
Monit was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Monit located?
Monit is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Monit a funded company?
Monit is a funded company, having raised a total of $9.54M across 4 funding rounds to date. The company's 1st funding round was a Series A of $5.2M, raised on Apr 08, 2020.
What does Monit do?
Monit is engaged in delivering innovative financial technology solutions for bankers and small to medium-sized businesses (SMBs). The company operates within the fintech sector, offering platforms like SMB Analytics and Banker Intelligence to enhance client relationships and drive revenue growth. Solutions provided by Monit include transaction data insights through MoniCore and accounting analytics, enabling banks to identify hidden revenue opportunities and strengthen SMB engagement. The platforms are designed to surface competitor impacts, provide timely financial advice, and transform data into growth opportunities for banking institutions.
Who are the top competitors of Monit?
What products or services does Monit offer?
Monit offers SMB Analytics Platform, Banker Intelligence Platform, Accounting Insights, and MoniCore Transaction Data Insights.
Who are Monit's investors?
Monit has 6 investors. Key investors include 1982 Ventures, TTV Capital, Runway Venture Partners, Correlation Ventures, and William Ruh.
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