Monea
Curated by SignalWallet-enabled remittance solution facilitating instant money transfers via mobile.
Overview
Monea operates as a wallet-enabled remittance solution that offers a money transfer service. Users can send and receive funds instantly from their phone contacts, regardless of their bank affiliations. The service targets individuals who require interbank transfers up to a specified amount. Monea provides a mobile application that facilitates secure transactions without the need for account numbers or internet banking logins. The platform aims to address issues associated with traditional money transfers by ensuring rapid fund delivery to recipients' bank accounts while minimizing commission fees. Monea also emphasizes data privacy and user control, allowing customers to set transfer limits.
Key facts
- Founded
- 2013
- Headquarters
- Riga, Latvia
- Stage
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- Industry
- Financial Technology
- Sector
- Payments
Business model
- GTM channel
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- 3 products and services
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