What Monet does

Monet is a Colombian fintech founded in 2020 and headquartered in Bogotá (Monet Colombia S.A.S.) that issues digital nano-loans—short-term 30-day credits of COP $50,000 to $500,000—to individuals excluded from the formal Colombian financial system, including informal micro-business owners, credit-reported and credit-invisible workers, regularized Venezuelan migrants holding Temporary Protection Permits (PPT), and estratos 1–4 residents in low-income urban neighborhoods. The platform underwrites borrowers through an Open Banking credit engine that reads transaction history, income patterns, and balances across Colombian banks (Bancolombia, Nequi, Davivienda, DaviPlata, Scotiabank Colpatria, Banco de Occidente) via third-party data providers Belvo, Prometeo, and Qualia Fintech, building its own alternative credit score (Score de Crédito Monet) instead of relying on traditional bureau data. The company operates a unique 'Mandato Sin Representación' legal framework that segregates user funds in a Cuenta Operativa Monet, holds SIC registration and a CCB Digital Seal, and is registered as a formal alternative to predatory 'gota a gota' informal lending that charges up to 300–380% effective annual interest.

Monet's product surface extends beyond core credit origination to include MonetPay—a digital wallet built with Bancolombia for QR payments and transfers—Monetos (MonetOS), an electronic instruction-trazability layer, a MarketPlace for bill pay and recharges, positive credit reporting (Reportes Positivos) to Datacrédito/TransUnion, first-transaction insurance with Chubb, the Tarjeta Monet card for Gold-tier users, and the Yo Soy M women's inclusion program. Acquisition is fully self-serve via mobile app (iOS, Android, Huawei AppGallery), web, and WhatsApp, complemented by referral programs, a financial-education content blog, and a strategic inDrive Ads performance-marketing channel.

Revenue is generated primarily through fixed per-transaction service fees (approximately COP $8,824 + IVA, equivalent to ~USD $2.60) rather than interest, with government-alliance users receiving subsidized rates (e.g., 0.91% on credit value for Medellín estratos 1–4). Distribution is driven by formal partnerships with multiple Alcaldías (Bogotá, Medellín, Cali, Santa Marta, Valledupar, Montería) and cajas de compensación (COMFAMA, CAFAM, Colsubsidio), positioning the platform as a policy instrument against predatory lending. The company reports 1M+ cumulative users, has stated a 2026 target of 3.5 million cumulative loans, and is preparing a Q4 2026 entry into Mexico, funded by a $24 million Series A round (early 2026) that combines $4M equity from Comfama Ventures with an $18M asset-backed warehouse facility from SixPoint Capital Management.

Name

Monet

Legal name

Monet Colombia S.A.S.

Website

https://monet.com.co

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Monet is a Colombian fintech that issues 30-day digital nano-loans (COP $50,000–$500,000) to financially excluded individuals—informal workers, credit-reported borrowers, and Venezuelan migrants—using Open Banking-based alternative credit scoring and government-backed distribution channels.

Ownership category

akta.pro rank

Headquarters

HQ city

Bogotá

HQ country

Colombia

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Fixed Service Fee on Credit Transactions: Monet charges fixed fees for credit disbursements rather than interest. Fees include a fixed service/administration charge per transaction (reported as COP $8,824 + IVA per standard transaction), with the total cost varying by credit amount and user category. Government alliance users (e.g., Medellín users) pay a subsidized rate of 0.91% of the credit value, as the government entity covers the remainder of the standard administration fee.
2. Open Banking Data Services: Monet collects and analyzes financial transaction data from users' bank accounts through Open Banking integrations with Belvo, Prometeo, and Qualia Fintech, using this data to build proprietary credit risk models and potentially monetize insights through partnerships with financial institutions.
3. Advertising and Lead Generation: Monet partners with inDrive's global advertising platform (inDrive Ads) to present micro-loan offers to inDrive users. Monet pays for ad placements and generates loan originations, with the partnership reporting over 1,200 loans originated through the pilot.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels6 records

Core offering

Monet is a Colombian digital lending platform that issues short-term nano-loans of COP $50,000 to $500,000 with 30-day repayment terms, charging fixed service fees rather than interest. The platform uses Open Banking integrations with Colombian banks and Open Finance providers (Belvo, Prometeo, Qualia Fintech) to perform alternative credit assessment on users' banking transaction data, enabling approvals for credit-invisible or negatively reported individuals excluded from traditional banking. Disbursements and repayments flow through bank accounts or the MonetPay digital wallet created with Bancolombia.

Product overview

Monet is a Colombian fintech platform providing short-term digital microloans ('nano créditos') ranging from COP $50,000 to $500,000 with 30-day repayment, targeting financially excluded populations including informal workers, credit-defaulted individuals, and Venezuelan migrants. The core offering consists of the credit advance and mandate services (Contrato de Adelanto de Ingresos and Contrato de Mandato Sin Representación), supported by MonetPay (a Bancolombia-partnered digital wallet for disbursements and QR payments), and an alternative credit scoring engine (Score de Crédito Monet) that analyzes banking behavior rather than traditional credit histories. The ecosystem is augmented by MonetOS (electronic instruction representation), a MarketPlace for bill payments and recharges, Seguros Monet (Chubb-backed first-transaction insurance), Reportes Positivos (positive credit reporting to bureaus), tiered benefits programs (Beneficios Monet with referral rewards and priority support), and social programs like 'Yo Soy M' for women's inclusion and 'Gira por Colombia' for outreach. Monet also operates government alliance programs (Redes Vecinales Express with Medellín and Cali) offering subsidized microcredit rates.

Differentiator

Problem solved

Functional benefit

Brands

• Yo Soy M: Women's financial inclusion program designed to reduce gender gaps in access to credit in Colombia.
• MonetPay
• Desvárate

Products and services

• Nano Crédito Digital (Digital Nano-Credit) Short-term digital microloans of COP $50,000 to $500,000 with 30-day repayment terms, fixed service fees rather than interest, and approval in minutes via Open Banking credit assessment. Marketed as the formal alternative to predatory informal 'gota a gota' lending in Colombia.

Quantifiable outcome

• 18.8% of Cali micro-businesses' financing requests come from informal 'gota a gota' lending at up to 300% annual rates, vs Monet's fixed-fee alternative
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability3 records

Feature6 records

Partnerships

19 partnerships are on record, tiered core and minor.

• Bancolombia S.A.coreTechnology or IntegrationBancolombia is Monet's Open Banking partner for the MonetPay digital wallet, enabling users to receive credit disbursements, make QR payments, and perform transfers. Bancolombia also provides user banking data for credit assessment. MonetPay is created in alliance with Bancolombia S.A. and does not constitute a deposit account managed by Monet.
• Belvo Technologies (Belvo Technologies S.A.P.I. de C.V. / Belvo Tecnologías LTDA.)coreTechnology or IntegrationBelvo provides Open Banking data connections allowing Monet to access users' bank account information (transactions, balances, income patterns) for credit risk assessment. Belvo is a licensed Open Finance / Open Banking provider operating in Latin America.
• PrometeocoreTechnology or IntegrationPrometeo is an Open Banking data provider that enables Monet to access banking data for credit assessment. Prometeo's API connects to multiple Colombian banks to provide standardized financial data for underwriting.
• Qualia Fintech SRLcoreTechnology or IntegrationQualia Fintech is an Open Banking data provider that supplies Monet with banking transaction data and financial behavior information for credit risk evaluation, complementing Belvo and Prometeo integrations.
• Nequi (Nequi Compañía de Financiamiento S.A.)coreTechnology or IntegrationNequi is a Colombian digital wallet and fintech company (subsidiary of Bancolombia) that serves as both a payment method and data source for Monet. Monet users can link Nequi accounts for income verification and as a disbursement method. Monet also receives user data from Nequi for credit assessment.
• Chubb Seguros de Colombia S.A.minorOthersChubb provides Monet's insurance product for first-time borrowers. Users who activate their first credit transaction receive insurance covering 100% of their first loan value in case of job loss (employees only) or total/temporary disability. Payouts are managed directly through Chubb's customer service channels.
• inDriveminorGTM or Marketing PartnerMonet is a fintech advertising partner in inDrive's global Ads platform. Monet places sponsored micro-loan offers within the inDrive app, targeting inDrive users in Colombia and other markets. The partnership generated 1,200+ loan originations through the initial pilot.
• EANXminorOthersMonet partners with EANX to provide financial education courses to its users. Eligible users (Plata Plus tier and above) receive discounted access to courses including Financial Structure for Entrepreneurs, Personal Finance, Marketing Strategy, and Social Media Strategy, as well as express capsules on budget management.
• Alcaldía de Medellín (Secretaría de Desarrollo Económico)coreStrategic or Co-development PartnerThe Alcaldía de Medellín partnered with Monet to promote digital microcredit as an alternative to informal lending. Qualifying residents (estratos 1-4, aged 18-75) access loans at a preferential rate of 0.91% on the credit value, with the government covering the remaining administration fees up to COP $963,900,000. The partnership runs from March 12, 2026 through June 30, 2026 or until subsidy cap is reached.
• Alcaldía de CalicoreStrategic or Co-development PartnerThe Alcaldía de Cali launched the 'Desvárate' campaign through the Monet platform to combat 'gota a gota' informal lending. The city government directs Cali's micro-business owners to Monet as the formal, legal credit alternative with loans from $50,000 to $500,000 COP.
• Alcaldía de Santa MartaminorStrategic or Co-development PartnerThe Alcaldía de Santa Marta partnered with Monet for data authorization and credit promotion, directing local residents to the Monet platform for digital microcredit services as an alternative to informal lending.
• Alcaldía de ValleduparminorStrategic or Co-development PartnerThe Alcaldía de Valledupar partnered with Monet for data authorization and credit promotion, directing local residents to the Monet platform for digital microcredit as an alternative to informal lending.
• Caja de Compensación Familiar Antioquia (COMFAMA)coreStrategic or Co-development PartnerCOMFAMA, a major caja de compensación in Antioquia, is both an investor (via Comfama Ventures) and a distribution partner for Monet. COMFAMA directs affiliated members to Monet's platform and shares user data for credit assessment under a formal data authorization agreement.
• Caja de Compensación Familiar CAFAMminorChannel Partner/ Reseller/ DistributorCAFAM is a caja de compensación that lists Monet as a partner, directing affiliated members to the Monet platform for digital microcredit services.
• Caja de Compensación Familiar ColsubsidiominorChannel Partner/ Reseller/ DistributorColsubsidio is a caja de compensación that lists Monet as a partner, directing affiliated members to the Monet platform for digital microcredit services.
• Secretaría Distrital de Desarrollo Económico (SDDE) de BogotáminorStrategic or Co-development PartnerThe SDDE of Bogotá partnered with Monet for data authorization and credit promotion, enabling Monet to access user financial data and direct Bogotá residents to the platform for digital microcredit.
• Alcaldía de MonteríaminorStrategic or Co-development PartnerThe Alcaldía de Montería partnered with Monet for data authorization and credit promotion, directing local residents to the Monet platform for digital microcredit as an alternative to informal lending.
• Fondo Nacional de Garantías (FNG)minorOthersThe FNG (National Guarantee Fund) is a government entity providing partial credit guarantees. Monet has a data authorization agreement with FNG enabling guarantee-linked products and risk sharing for underserved borrowers.
• WELLI Colombia S.A.S.minorOthersWELLI Colombia is a strategic partner with a data authorization agreement enabling Monet to access user data and direct WELLI users to the Monet platform for credit services.

Scale indicators9 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Kueski: Mexico-based digital lender offering short-term online loans and BNPL to underbanked consumers using alternative credit data. Directly comparable to Monet in product (small-ticket short-term credit), target segment (credit-invisible), and use of alternative underwriting.
• Stori: Mexico-based fintech issuing credit cards to underbanked consumers using alternative credit scoring. Comparable to Monet in serving thin-file populations with alternative-data underwriting, though product form (revolving credit card) differs from Monet's short-term nano-loans.
• Ualá: LatAm neobank (Argentina-founded, expanding in Mexico and Colombia) serving underbanked consumers with digital accounts and credit products. Comparable to Monet in financial-inclusion mission, digital distribution, and expansion trajectory in Mexico.
• albo: Mexico-based neobank offering digital accounts and credit products to underbanked consumers. Comparable to Monet in digital-first financial inclusion targeting the Mexican market Monet plans to enter in Q4 2026.

Broad incumbents

• Nequi: Bancolombia's digital wallet and financial services platform serving Colombian consumers. Overlaps with Monet in financial inclusion, digital wallet, and disbursement functionality, but offers a broader product portfolio (payments, savings, transfers) and benefits from parent bank's scale and deposit funding.
• DaviPlata: Davivienda's digital wallet and financial inclusion platform in Colombia. Comparable to Monet as a digital-first financial service for underbanked Colombians, but with a broader payments/savings remit and the backing of a major Colombian bank.
• Nubank: Largest LatAm neobank (Brazil-founded, expanding into Mexico and Colombia) serving underbanked consumers with digital accounts and credit. Comparable to Monet in digital-first financial inclusion, but at vastly larger scale and broader product scope.
• Mercado Pago: MercadoLibre's fintech arm offering digital wallets, payments, and consumer credit across LatAm. Comparable to Monet in serving underbanked consumers with digital credit products, though with much larger distribution via the e-commerce platform.

Others

• Belvo: LatAm Open Banking / Open Finance API provider that supplies transaction data to Monet for credit underwriting. Not a competitor but a critical infrastructure partner; included because Belvo's ecosystem reach shapes the competitive dynamics of any LatAm alt-lending entrant.

Emerging players

• Rappi Pay: Fintech arm of Rappi offering digital financial services (accounts, payments, credit) in Colombia and across LatAm. Comparable to Monet as a Colombian digital financial platform serving similar demographics, though with a different acquisition channel (delivery super-app).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/monetappcol
• LinkedInlinkedin.com/company/monet-salario-al-instante

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds6 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Monet