Monoova
Monoova is an Australian paytech company providing an API-first payment processing platform that unifies domestic and international payment rails for enterprises and mid-market businesses across lending, insurance, remittance, and e-commerce.
- Company typePrivate
- Founded2017
- HeadquartersNorth Sydney, Australia
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Monoova does
Monoova is an Australian paytech company providing an integrated, API-first payment processing platform that unifies domestic and international payment rails. Founded in 2017 and headquartered in Sydney, the company serves enterprise and mid-market businesses across industries including e-commerce, lending, insurance, investment platforms, remittance, payroll, marketplaces, SaaS, and wealth management. Its customer base spans at least 19 named accounts including Wise, Nuvei, NIUM, Harmoney, State Bank of India, Sharesies, Remitly, Instarem, OFX, carsales, Honey Insurance, and HNRY. The platform has processed over $170 billion in cumulative transaction volume, created more than 5 million PayIDs, and generated more than 8 million virtual accounts.
The company's core technology is a REST API architecture that consolidates over 10 payment rails in a single integration, including Australia's New Payments Platform (PayTo, PayID, OSKO, NPP), traditional Australian rails (BPAY, Direct Debit), card processing, digital wallets (Apple Pay, Google Pay), and international rails (SWIFT, RTGS). The recently launched FX Hub (March 2026) connects to a global liquidity network of Tier 1 banks for same-day international settlements. Underlying infrastructure includes virtual account generation, automated ledger management, and reconciliation rules that match incoming payments to outstanding invoices — demonstrated to reduce customer manual reconciliation from two hours per day to ten seconds per day at Wagepay. The platform is AUSTRAC-enrolled for AML/CTF compliance, with subsidiary Monoova Global Payments holding AFSL 421414.
Monoova operates a hybrid go-to-market combining API-first distribution with enterprise field sales. SMB customers access the platform through an online portal, the PayQuiz lead-generation tool, and a WooCommerce plugin, while enterprise clients engage through direct sales with the Sydney-based team. Revenue is generated through three streams: per-transaction fees across payment rails, recurring platform and subscription fees for API access and account services, and FX conversion fees on the FX Hub. Pricing is quote-based and tailored to payment volume with no public rate card disclosed. The company is privately held with no disclosed external venture capital or private equity funding, operating through a group of related entities (Monoova Payments Pty Ltd, Monoova Limited, Monoova Australia Pty Ltd, Monoova Global Payments Pty Ltd, Monoova Services Pty Ltd, and Monoova IP Pty Ltd).
Monoova firmographics
Firmographics- Name
- Monoova
- Legal name
- Monoova Payments Pty Limited
- Website
- https://monoova.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Monoova is an Australian paytech company providing an API-first payment processing platform that unifies domestic and international payment rails for enterprises and mid-market businesses across lending, insurance, remittance, and e-commerce.
- Ownership category
- akta.pro rank
Monoova industry classification
Industry- Product category
- Payment Processing Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ)
Keywords
Where Monoova is headquartered
LocationHeadquarters
- HQ city
- North Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Monoova business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Payment Processing & Transaction Fees: Monoova charges transaction fees for processing payments across its various rails including PayTo, PayID, BPAY, Direct Debit, card payments, digital wallets, and global FX payments. The API documentation references fee structures including fixed fees per transaction and percentage-based fees per transaction type, indicating a per-transaction revenue model.
- API Platform & Subscription Services: Monoova offers API-based platform access with features such as mAccount creation, ledger management, webhook notifications, and reconciliation tools. The platform documentation references monthly fees and setup fees for certain account types, suggesting subscription or tiered recurring revenue components.
- FX and Foreign Exchange Services: With the launch of the FX Hub, Monoova generates revenue through foreign exchange conversion services, offering same-day settlements and connecting to a global liquidity network. This represents a fee-based revenue stream tied to international payment flows.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Quote-based enterprise pricing tailored to business payment volumes and needs |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
Monoova product offering
Product offeringCore offering
Monoova provides an integrated payment processing platform delivered through REST APIs that unifies multiple domestic Australian payment rails (PayTo, PayID, BPAY, Direct Debit, NPP/OSKO) with international payment rails (SWIFT, RTGS) and card/digital wallet acceptance (Apple Pay, Google Pay). The platform includes virtual account infrastructure (Automatcher) for payment matching, automated ledger and reconciliation tools, webhook notifications, Confirmation of Payee, and an FX Hub connecting to a global Tier 1 bank liquidity network for same-day cross-border settlement.
Product overview
Monoova is an Australian paytech company offering an integrated all-in-one payments platform with multiple modules covering receiving, sending, and managing payments. The platform combines traditional payment rails (direct debits, bank transfers, SWIFT, RTGS, BPAY) with modern real-time payment capabilities (OSKO, PayTo, PayID, NPP). The product portfolio includes: Receive Payments module with PayTo, PayID, BPAY, Direct Debit, Online Card Payments, Digital Wallets, and Payment Links; Send Payments module with Confirmation of Payee and Global Payments & FX; Manage Payments module featuring Ledger, Auto-reconciliation, Client Portal, and the FX Hub for end-to-end global settlements. Additional products include a WooCommerce plugin for e-commerce integration. The platform processes over $170 billion, manages 5M+ PayIDs created and 8M+ virtual accounts generated, and serves industries including e-commerce, education, insurance, investment platforms, lending, marketplaces, payroll, remittance, and wealth management.
Differentiator
Problem solved
Functional benefit
Products and services
- Monoova Payment Platform An integrated REST API-based payment processing platform for businesses, unifying domestic and international payment rails (PayTo, PayID, BPAY, Direct Debit, cards, Apple Pay, Google Pay, SWIFT, RTGS) with virtual accounts, ledger, auto-reconciliation, and FX capabilities for Australian and global businesses across multiple verticals.
- FX Hub End-to-end global settlements solution that unifies domestic collections, foreign exchange conversion, funding, and settlement into a single automated flow. Connects to a global liquidity network of Tier 1 Banks and payment providers for same-day international settlements in multiple major currencies.
- WooCommerce Plugin Pre-built WooCommerce plugin that provides a frictionless checkout experience for small and medium e-commerce merchants using the WordPress/WooCommerce platform, enabling payment acceptance without custom API integration.
Quantifiable outcome
- Manual reconciliation reduced from 2 hours per day to 10 seconds per day (Wagepay)
- +4 more outcomes
Companies that use Monoova
Customer profileNamed customers20 records
Segments13 records
Ideal customer profiles3 records
Monoova technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature11 records
Monoova partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- SuperAPIcoreMonoova partnered with SuperAPI and Payroo to launch a one-click payroll and superannuation solution ahead of PayDay Super laws taking effect from July 2026. The solution integrates Monoova's payments infrastructure with SuperAPI's compliance tools and Payroo's payroll software, enabling simultaneous processing of wages and super contributions. This is a core strategic partnership addressing regulatory compliance in the Australian payroll market.
- PayroocoreMonoova partnered with SuperAPI and Payroo to launch a one-click payroll and superannuation solution. Payroo provides the payroll software layer while Monoova provides the payment infrastructure, and the three-way integration enables simultaneous processing of wages and super contributions to replace error-prone legacy systems. Already live for Payroo customers.
- ZeptominorMonoova is identified alongside Zepto and FrankieOne as one of the key embedded finance infrastructure providers in Australia's embedded finance market. This reflects competitive positioning rather than a formal partnership.
- FrankieOneminorMonoova is identified alongside Zepto and FrankieOne as one of the key embedded finance infrastructure providers in Australia's embedded finance market. This reflects competitive positioning rather than a formal partnership.
Scale indicators4 records
Recent moves4 records
Expansion highlights5 records
Monoova competitors and assessment
Company assessmentDirect peers
- Zepto: Australian API-first payment infrastructure provider explicitly named alongside Monoova as a key embedded-finance enabler; competes for the same Australian merchants needing payment automation across domestic rails.
- Pin Payments: Australian payment gateway offering card processing and developer-friendly APIs; targets the same SMB and mid-market merchants Monoova serves and competes head-on for e-commerce integrations.
- Windcave: Trans-Tasman (NZ/AU) payment processor formerly known as Payment Express; offers card-present and e-commerce gateway services aimed at regional merchants with overlapping product overlap to Monoova's card and digital-wallet rails.
- Fat Zebra: Australian direct-debit and card payment gateway offering developer-first APIs; competes with Monoova's API-first pitch for SMB and mid-market recurring-billing and merchant integrations.
- eway: Australian-headquartered payment gateway serving SMBs and enterprises with card and online payment processing; overlaps with Monoova's online card payments and direct-debit modules for similar Australian merchants.
Regional players
- Airwallex: Australia-rooted cross-border payments platform with multi-currency accounts and global FX; directly comparable to Monoova's FX Hub and overlapping on remittance/enterprise payment corridors.
Broad incumbents
- Adyen: Global single-platform payment processor offering unified online, in-store, and cross-border acquiring; competes with Monoova's enterprise field-sales motion where large Australian merchants want a global vendor.
- Stripe: Global payment infrastructure platform with developer-first APIs, broad rail coverage, and an Australia presence; comparable architecture and target market to Monoova but at vastly greater scale and geographic breadth.
- Marqeta: Global card-issuing and payment-infrastructure API platform; comparable API-first developer model targeting fintechs and platforms that need programmable payment flows.
Emerging players
- FrankieOne: Australian embedded-finance and identity-verification infrastructure explicitly named in the same Australia embedded-finance report as Monoova; adjacent offering focused on KYC/onboarding rather than payment orchestration.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Monoova social profiles
Digital presenceMonoova compliance and trust
Trust signalCompliance10 records
Monoova financial estimates
Financial estimateRevenue estimate
Valuation estimate
Monoova leadership team
Management profileNumber of profiles
Profiles4 records
Monoova funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Monoova M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Monoova
What does Monoova do?
Monoova provides an integrated payment processing platform delivered through REST APIs that unifies multiple domestic Australian payment rails (PayTo, PayID, BPAY, Direct Debit, NPP/OSKO) with international payment rails (SWIFT, RTGS) and card/digital wallet acceptance (Apple Pay, Google Pay). The platform includes virtual account infrastructure (Automatcher) for payment matching, automated ledger and reconciliation tools, webhook notifications, Confirmation of Payee, and an FX Hub connecting to a global Tier 1 bank liquidity network for same-day cross-border settlement.
Is Monoova a public or private company?
Monoova is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Monoova founded?
Monoova was founded in 2017. It employs 51 to 100 people.
Where is Monoova based?
Monoova is headquartered in North Sydney, Australia, in the Oceania region.
How does Monoova make money?
Three revenue lines are on record. Payment Processing & Transaction Fees are the primary driver. The others are API Platform & Subscription Services and FX and Foreign Exchange Services.
Who are Monoova's main competitors?
Direct peers on record are Zepto, Pin Payments, Windcave, Fat Zebra and eway. Airwallex is listed as a regional player. Broad incumbents are Adyen, Stripe and Marqeta. FrankieOne is listed as an emerging player.
Does Monoova have an API?
Yes. Monoova offers a comprehensive REST API platform that enables developers to build and automate payment solutions. The API supports multiple authentication methods including Bearer Token (OAuth v1), webhook notifications, and OneShot Security Tokens. Key API endpoints include: Automatcher/Virtual Accounts (create accounts, batch operations, status management), PayID (registration, updates, enquiries), Ledger Accounts (create, close, retrieve transactions, balances), Reconciliation Rules (create, cancel, retrieve), Transactions (execute, validate, refund), Account Verification (DE and NPP verification), Confirmation of Payee, PayTo Payment Agreements and Instructions, Cards (payments, refunds, client sessions), Tokens (bank accounts, BPAY), mWallet, BPAY, Webhooks for real-time notifications, and utility tools (BSB/ABN validation, ping). A sandbox environment is available for testing. The API is documented at developer.monoova.com and an older version at api-docs.monoova.com. Developer documentation is at developer.monoova.com.
What industry is Monoova in?
Monoova's product category is Payment Processing Platform. Its primary akta.pro industry code is FSAGABAJ, Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails). Its NAICS code is 522320 and its SIC code is 6159.