Monnai provides a single API that integrates disparate data sources, identity verification, and network behavior analysis to deliver real-time consumer insights for fintechs. This technology enables financial institutions to enhance customer acquisition, streamline onboarding, and improve risk assessment while achieving a 70% identification accuracy and an 85% reduction in fraudulent identities.
Funding
$10.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TGFounders
Product
Problem
Fintech companies face challenges in accessing reliable and comprehensive consumer data across diverse global markets due to data disparity, regulatory complexities, and demographic biases. This makes it difficult to accurately assess risk, onboard customers efficiently, and make informed decisions throughout the customer lifecycle.
Solution
Monnai offers a unified API that aggregates disparate data sources, identity verification tools, and network behavior analysis to provide real-time consumer insights for fintechs operating globally. By connecting fragmented data and applying AI-powered analytics, Monnai enables financial institutions to streamline customer acquisition, optimize onboarding processes, and enhance risk assessment capabilities. The platform delivers ubiquitous decisioning insights at every stage of the customer lifecycle, regardless of customer location.
Target Audience
Monnai's primary customers are fintech companies and financial institutions operating in global markets that require comprehensive consumer insights for customer acquisition, onboarding, risk assessment, and credit decisioning.
Features
- Single API access to identity and behavior data of over 5 billion consumers.
- AI-driven infrastructure connecting disparate data sources for comprehensive consumer profiles.
- Real-time risk scoring based on identity verification and network behavior analysis.
- Streamlined customer onboarding with automated identity verification and fraud detection.
- Enhanced credit decisioning capabilities to accept more borrowers and improve portfolio performance.
- Improved collections management through enhanced contactability and delinquency prediction.
- Support for multiple markets, including India, Southeast Asia, LATAM, and the U.S.