A market leader, Monkey is a marketplace specialized in early payment solutions for accounts payable and receivable. Its platforms, developed with cutting-edge technology, combine operational agility with a business model that significantly reduces capital costs for companies.
With over $25 billion in transactions, Monkey has solidified its position as the leading early payment platform in Latin America, serving multinational corporations and financial institutions. Having already established itself in the Brazilian and Chilean markets, the fintech is now expanding its operations to Mexico and the United States.
Leading this international expansion is Gustavo Muller, CEO and co-founder of Monkey, who has settled in Charlotte, North Carolina, where the company’s U.S. office is located. “Our technology will bring financial innovation to the U.S. and Mexican markets, addressing the specific needs of each region” says Muller.
For these markets, Monkey offers comprehensive solutions for accounts payable and receivable. Through its own supply chain finance program, companies can optimize accounts payable management while promoting supply chain sustainability via multi-financier auctions, reducing final rates. For accounts receivable, the solution centralizes early payment operations, ensuring complete control and efficiency.
The expansion was recently bolstered by a $12 million Series B funding round led by Brazilian investor L4, along with DEG, Kinea, and Quona Capital. According to Muller, this investment confirms Monkey's growth potential in new markets: “Our goal is to provide solutions that expand companies’ working capital, strategically driving their growth. Now, we will expand it, serving our clients in different markets. This funding reinforces confidence in the potential of our technology across all the markets we are entering.”
ABOUT MONKEY
Monkey is the leading fintech for B2B working capital financing in Latin America. With a Total Processed Volume (TPV) of over $25 billion since its founding and a clientele that includes the largest multinational companies operating in Latin America (such as Petrobras, Fiat Chrysler, Dana, Ambev, Braskem, Suzano, and Gerdau), Monkey is a Brazilian venture backed by L4, DEG, Kinea Investments, and Quona Capital.
To learn more, visit: https://www.us.monkey.tech/
Media Contact
Company Name: Monkey
Email: [email protected]
Phone: +55 11 953027859
Website: www.monkey.tech
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