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CompanyProfile

Grow and scale with

global fintech insights,

infrastructure

ISO/MLS contact:
onnai was founded in 2021 by Ravish Patel
and Pierre Demarche, technology leaders Pierre Demarche
who had worked together at a Belgium- Co-founder & CEO
M based global communications firm for over
a decade. As they traveled extensively, living and work- pierre@monnai.com
ing in more than 40 countries, the co-founders gained
experience building and operating global tech businesses. 310-819-6631
Despite their success, ongoing challenges in accessing https://monnai.com
financial consumer services motivated them to establish
Monnai, a company focused on leveraging data, bridging
gaps between global and hyper-local markets and helping Accurate, informed decisioning
all stakeholders thrive in a connected global community.
Demarche pointed out that Monnai helps partnering or-
Demarche, who serves as CEO, stated Monnai is com- ganizations make informed decisions throughout the
mitted to building an innovative, diverse default global customer lifecycle in the following three ways:
infrastructure that companies can access in real time
through a single API. The infrastructure is based on four 1. Unique Data: Global identity standards and cus-
key pillars, which he summarized as onboarding, trust tomer data are fragmented, disparate and evolving
and fraud risk management, credit decisioning, and col- across telecom providers, emerging credit bureaus,
lections. “Our Verification and Insights APIs deliver over third-party data providers and financial institutions.
500 insights, enabling fintechs to grow rapidly and se- Monnai’s network of data providers, bureaus and
curely anywhere in the world,” he said. “With our solu- consumer insights partners delivers more than 500
tion, businesses benefit from 99 percent uplift in fraudu- consumer insights through a single API while help-
lent identities detected and 85 percent users identified ing businesses navigate four key pillars of KYC—
with high confidence and it takes less than a week to ac- compliance, trust and fraud risk, credit decisioning,
cess 5 billion identity and behavior data in real time.” and collections—in real time.

Diverse, global team 2. Default Global: While the United States has numer-
ous credit bureaus and identity verification vendors,
Monnai’s 20 employees, based around the world, are led there is a lack of infrastructure available to business-
by Demarche, who is based in California, and Chief Prod- es internationally, whether they are global or region-
uct Officer Ravish Patel, who works in India, where en- al. Tools and data are frequently siloed into disparate
gineering and operations teams support the company’s solutions across different markets. Building in the
global infrastructure and APIs. Go-to-market and cus- international markets is notably different than build-
tomer activities are led by local teams in India, the United ing in the U.S. market, which is why Monnai is global
States, Singapore, Indonesia, the Philippines and Malay- by design. Its default infrastructure is already estab-
sia, company representatives stated, adding that LATAM lished in five countries across Asia and the Americas
will soon be added. Monnai noted that its infrastructure that serve over 40 countries in developing data and
serves over 3 billion consumers in India, Southeast Asia aggregation infrastructure.
and LATAM, leveraging more than 500 insights to en-
able fintechs to grow rapidly and securely anywhere in 3. Technology: To deliver fair and transparent fintech
the world. The company expects its continued growth decisions, Monnai leverages explainable AI. The
to reach more than 5 billion consumers in these emerg- model can interpret historical bias, identify features
ing markets while powering regional and global fintech with positive and negative attributes to model behav-
transactions. ior, and make retroactive model comparisons and up-
dates while continuously evaluating, improving and
Monnai’s near-term roadmap includes plans to further enhancing its models.
enhance infrastructure by vertically integrating data ag-
gregation and orchestration solutions into a single offer- Monnai reduces the complexities of disparate data, regu-
ing. This enhanced infrastructure will help fintech and latory compliance and demographic bias through a single
financial institution partners deliver high value, low API, delivering ubiquitous decisioning insights to help
maintenance financial products in emerging markets, the our partner fintechs and financial institutions and ser-
company stated. vice providers grow and scale, Demarche stated.

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