About Monthio
Monthio is a company based in Copenhagen (Denmark) founded in 2018 by Rune Heinrichson and Mads Aarup Pedersen. Monthio has raised $12.81 million across 2 funding rounds from investors including Danmarks Eksport og Investeringsfond, North Ventures and Harmar. The company has 24 employees as of December 31, 2022. Monthio offers products and services including Income Verification, Expense Verification, Risk & Insights, Categorisation, and Account Verification. Monthio operates in a competitive market with competitors including LoanStar, White Clarke Group, Dealnet Capital, Quotanda and Homeville Consulting, among others.
- Headquarter Copenhagen, Denmark
- Employees 24 as on 31 Dec, 2022
- Founders Rune Heinrichson, Mads Aarup Pedersen
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Sectors
Financial Services
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Phone
Locked
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Website
Locked
- Legal Name Monthio Aps
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Annual Revenue
Not available
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Net Profit
-$236.15 K (USD)63as on Dec 31, 2022
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EBITDA
-$321.47 K (USD)60as on Dec 31, 2022
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Total Equity Funding
$12.81 M (USD)
in 2 rounds
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Latest Funding Round
$12.36 M (USD), Series A
Oct 18, 2024
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Investors
Danmarks Eksport og Investeringsfond
& 2 more
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Employee Count
24
as on Dec 31, 2022
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Products & Services of Monthio
Monthio offers a comprehensive portfolio of products and services, including Income Verification, Expense Verification, Risk & Insights, Categorisation, and Account Verification.
Instant verification of applicants' income using secure data.
Enhances credit decisions by minimizing risks through expense checks.
Provides insights into default and fraud risks in real-time.
Cleans and categorises financial data for accurate analysis.
Digitises AML and KYC processes for instant account checks.
Offers real-time, personalised insights into debt factors.
People of Monthio
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Funding Insights of Monthio
Monthio has successfully raised a total of $12.81M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $12.36 million completed in October 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.
Investors in Monthio
Monthio has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Danmarks Eksport og Investeringsfond, North Ventures and Harmar.
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Financial services are provided for export and investment sectors.
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Invests in technology-driven B2B companies from Seed to Series A in Denmark and Nordics.
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Investor details for Monthio
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Monthio
Investment portfolio details for Monthio
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Financial Statements - Monthio
Detailed financials for Monthio
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Monthio Comparisons
Peer comparison for Monthio
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Competitors of Monthio
Monthio 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 LoanStar, White Clarke Group, Dealnet Capital, Quotanda and Homeville Consulting, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Technological solutions for instant PoS consumer loans are enabled.
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End-to-end software is supplied for automotive and asset finance operations.
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Loan lifecycle management software is provided for consumer loans.
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Student loans are facilitated via a lending-as-a-service platform.
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Operates a co-lending platform for financial institutions to facilitate lending.
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Detailed competitors of Monthio
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Latest news on Monthio
Complete news archive for Monthio
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Frequently Asked Questions about Monthio
Monthio was founded in 2018.
Monthio is headquartered in Copenhagen, Denmark.
Mads Aarup Pedersen is the current CEO of Monthio. They have also founded this company.
Monthio is a funded company, having raised a total of $12.81M across 2 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Monthio is 24.
Monthio was founded in 2018 in Copenhagen, Denmark, within the fintech sector. Solutions for creditworthiness assessment are offered to lenders, incorporating income and expense verification, risk analysis, and debt insights derived from Open Banking data. Loan application processes are streamlined through categorized financial data, which automates verification and supports fraud detection. Operations focus on enhancing decision-making accuracy while reducing manual reviews in the lending industry.
Monthio's top competitors include Quotanda, Dealnet Capital and LoanStar.
Monthio offers Income Verification, Expense Verification, Risk & Insights, Categorisation, and 2 more products and services.
Monthio has 3 investors. Key investors include Danmarks Eksport og Investeringsfond, North Ventures, and Harmar.