Monoova

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).

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

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

• Payment processing platform
• Real-time payment rails
• Payment API integration
• Virtual account infrastructure
• Foreign exchange settlements

Headquarters

HQ city

North Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core 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

Named customers20 records

Segments13 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature11 records

Partnerships

Four partnerships are on record, tiered core and minor.

• SuperAPIcoreStrategic or Co-development Partner · 7 July 2025Monoova 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.
• PayroocoreStrategic or Co-development Partner · 7 July 2025Monoova 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.
• ZeptominorOthersMonoova 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.
• FrankieOneminorOthersMonoova 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

Direct 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

• GitHubgithub.com/Monoova/merchantSDK
• Xx.com/monoova

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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 Monoova