Berlin-based fintech Monite has raised $6 million in seed funding from Peter Thiel's Valar Ventures.
Monite, founded in 2020, works with companies to help streamline payments and reduce manual processing.
Still, where this might generally be done across email, spreadsheets, and messaging systems, Monite aggregates a company's bills and invoices and then automates the process on their behalf.
The startup has raised a top-up to its seed round, led by Third Prime, in March 2023, taking its total funding to $17.4 million.
The funding from Valar Ventures closed in November after Monite opted against looking to raise a Series A, Maryasin said.
Persons:
Monite, Peter Thiel's, Ivan Maryasin, Maryasin
Organizations:
Ventures, Monite, Business, Third Prime
Locations:
Berlin, Europe