Magma Partners bets on financial solutions for SMEs in Colombia with Mono investment

April 23, 2021
Partner at Magma Partners
📷
Mono
Mono is a digital banking platform that focuses on providing financial solutions to SMEs in Colombia.

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The fintech aims to help businesses open a 100% digital checking account in minutes, through WhatsApp, and make online payments with a debit card through a solution that seamlessly integrates with their partners’ accounting software.

Founded in April 2020 by Salomon Zarruk, Jose Tomas Lobo, Juan Camilo, and Sebastian Ortiz, Mono aims to solve the problems that are holding Colombian SMEs back from unleashing their full potential.

Magma Partners is excited to invest in Mono as it launches into the Colombian market.

With this round Mono will position itself as the primary bank account for SMEs and startups in Colombia, freeing them from lines, forms and banks’ bureaucracy. Ultimately, allowing them to focus on what really matters - their business.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

The fintech aims to help businesses open a 100% digital checking account in minutes, through WhatsApp, and make online payments with a debit card through a solution that seamlessly integrates with their partners’ accounting software.

Founded in April 2020 by Salomon Zarruk, Jose Tomas Lobo, Juan Camilo, and Sebastian Ortiz, Mono aims to solve the problems that are holding Colombian SMEs back from unleashing their full potential.

Magma Partners is excited to invest in Mono as it launches into the Colombian market.

With this round Mono will position itself as the primary bank account for SMEs and startups in Colombia, freeing them from lines, forms and banks’ bureaucracy. Ultimately, allowing them to focus on what really matters - their business.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.
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