Monnai doesn’t want to build better fraud models. It wants to make every fraud, identity, and credit model work better—by fixing the data underneath them.
The global identity and risk data infrastructure company announced a $12 million equity funding round led by Motive Partners, with participation from existing investors Commerce Ventures and 500 Global. The raise brings Monnai’s total funding to more than $23 million since its founding in 2021—and notably, it comes while the company is already profitable.
In a fintech environment where capital efficiency has replaced growth-at-all-costs, Monnai’s timing feels intentional.
Infrastructure, Not Another AI Model
While many startups pitch smarter algorithms, Monnai is betting that the real bottleneck in AI-driven decisioning isn’t the model—it’s the data.
Financial institutions and digital platforms increasingly rely on AI to automate onboarding, fraud prevention, and credit decisions. But those systems are only as good as the identity and risk signals feeding them. Fragmented data sources, regional blind spots, and latency issues can undermine even the most advanced models.
Monnai positions itself as the missing infrastructure layer: a global, real-time identity and risk data platform that aggregates hundreds of hard-to-access datasets and delivers decision-ready signals in under 500 milliseconds.
That focus is resonating.
Scaling a Profitable Platform
Unlike many infrastructure startups still chasing scale, Monnai reported profitability in 2025, along with fivefold revenue growth for the year based on internal results. Net revenue retention approached 200%, a strong signal that customers aren’t just trying the platform—they’re embedding it deeply into core workflows.
Today, Monnai processes tens of millions of transactions per month and supports customers across the U.S., Latin America, Europe, and Asia. Its hyperlocal infrastructure allows companies to launch in new markets in days rather than months, a critical advantage as fintechs expand globally under increasing regulatory scrutiny.
The company says many customers are seeing returns of eight to ten times their initial investment, driven by higher onboarding acceptance rates, lower fraud and defaults, and improved model accuracy.
Where the New Capital Goes
The $12 million raise will fuel expansion on multiple fronts:
- Geographic growth, with a focus on Europe and Latin America
- Faster response times and stronger data effectiveness
- Continued investment in core data infrastructure, including observability and back-testing tools
- Hiring across engineering, data, and go-to-market teams over the next 12–18 months
Built-in observability is a key differentiator. Monnai’s platform doesn’t just deliver signals—it lets customers measure performance, monitor data quality, and continuously optimize decisioning models at scale.
For regulated financial institutions, that transparency is increasingly non-negotiable.
Why Investors Are Paying Attention
Motive Partners, which led the round, framed Monnai as a foundational layer for modern financial services rather than another point solution.
As AI accelerates software development cycles, the value shifts toward proprietary data and the infrastructure required to manage it. According to Motive, Monnai benefits from a reinforcing flywheel: expanding global data access strengthens proprietary signals, which improves product quality and attracts more customers—making the platform harder to replicate over time.
That thesis mirrors a broader trend in fintech and enterprise AI, where defensibility is moving down the stack from applications to data infrastructure.
A Quiet but Strategic Bet on the Future of AI Decisioning
Monnai isn’t chasing headlines with flashy consumer features. Instead, it’s building the plumbing that makes AI-driven identity, fraud, and credit systems reliable across borders.
As digital onboarding scales globally and fraud tactics become more sophisticated, companies need decisioning systems that are not just intelligent, but fast, observable, and locally relevant. Monnai is betting that whoever owns that infrastructure layer will shape how risk is managed worldwide.
With fresh capital, profitability already in hand, and growing global adoption, it’s a bet that’s starting to look well-timed.
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