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Booking.com for international money transfers

Booking.com for international money transfers

Monito is a global hub for money transfers, helping migrants and money transfer operators make the most of their money. As a first step towards a more transparent and frictionless market, Monito is operating a transparent and independent comparison website for international money transfer services (“so-called remittances”).

The enormous USD 530 billion remittance market is undergoing profound changes: the yearly growth rate for cash-based transfers is 3.5%, while it is 28% for transfers via electronic channels.

But many consumers are lacking the means to find and compare alternative offers in an opaque market. Migrants paid an average of 7.9% in fees; a huge cut that could be reduced by $28bn if migrants used cheaper services.

Attracting large amount of migrants interested by the considerable saving opportunity, we offer a performance-based customer acquisition tools (affiliate marketing) for money transfer operators on the other end.
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Senior Communications and PR Manager

Pascal Briod

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Laurent Oberholzer

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Co-Founder of Monito, the global hub for international money transfers.
Total raised

$520K

Funded over

2 rounds

Latest round

Seed (Nov 2015)