Monto
- Company typePrivate
- Founded2019
- HeadquartersMonterrey, Mexico
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Monto does
Monto is a Mexican employee benefits platform operated by Grupo Tatel S.A.P.I. de C.V. and headquartered in San Pedro Garza García, Monterrey, that delivers a modular suite of workforce benefits to Mexican employers and their employees. The platform serves companies ranging from 5 employees to enterprise-scale across retail, logistics, technology, healthcare, education, manufacturing, and other industries, with a mobile application (iOS, Android, Huawei) backed by a web admin portal and automated integrations to dominant Mexican and global payroll systems including Oracle, SAP, Contpaqi, Sonarh, Fortia, Nomilinea, Software Sicoss, and Intelexion. As of the available data, Monto reports 300,000+ active collaborator users and 100+ brand partners across its modules.
The product architecture is platform-plus-modules with 14+ benefit modules spanning financial products (Salary on Demand, Variable Compensation on Demand, Payroll Advances, Payroll Loans), health and wellness (unlimited virtual medical consultations for employee plus four family members, wellness programs, health webinars, health discounts), insurance (enterprise and voluntary multi-line coverage brokered with partners such as CHUBB and Guros), consumer benefits (discounts with 100+ national brands, Tienda Monto e-commerce with payroll-deducted installments, groceries and fuel benefits), education, loyalty and recognition programs, and digital payments. The company monetizes through module-based monthly subscriptions billed per collaborator with a 12-month minimum term, supplemented by usage-based commissions and interest on financial products (loans, advances) consumed by employees. Distribution combines direct enterprise field sales (scheduled demos, WhatsApp-driven onboarding), HR/payroll system channel partners, HR services resellers (Hubble, Human Quality, Jinzai), and consumer app stores.
Monto was founded in 2019 and completed a $125,000 seed round in August 2021 led by Y Combinator with AngelHub VC, Arrebol Capital, and Goodwater Capital. The company has not disclosed additional funding, revenue, or institutional investors, suggesting a capital-efficient operating model. Customer logos include Soriana, Tim Hortons, Kavak, Cinépolis, Envia.com, Hospital CIMA Hermosillo, Universidad Iberoamericana, Hubble, Papalote Museo del Niño, and Sora. The legal operating brand under the application's terms and conditions is "Monto Cajero Inteligente."
Monto firmographics
Firmographics- Name
- Monto
- Legal name
- GRUPO TATEL, S.A.P.I. DE C.V.
- Website
- https://monto.mx
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Monto industry classification
Industry- Product category
- Employee Benefits Platform
- NAICS
- Payroll Services (541214), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)
- SIC
- Services-Employment Agencies (7361)
- akta.pro primary industry
- Human Capital Management (HCM) & Payroll Platforms (HDAEAEAJ)
- akta.pro secondary industries
- Workforce Benefits Administration (Enrollment & Deductions) (BPACAIAF), Compensation Planning & Total Rewards (BPACAPAH), Worksite Financial Wellness & Employee Assistance Programs (EAP) (FSAIAMAN)
Keywords
Where Monto is headquartered
LocationHeadquarters
- HQ city
- Monterrey
- HQ country
- Mexico
- HQ region
- Latin America
Offices1 record
Markets served
Monto business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Module-based Subscription: Companies pay only for the modules they choose and for the collaborators who will have access. This is a flexible subscription model where pricing scales with usage and module selection. The minimum service term is 12 months.
- Financial Product Commissions/Interest: In financial modules (salary on demand, payroll loans, advances), collaborators may pay small commissions or interest rates when using the benefit. This creates a usage-based revenue stream.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Flexible modular pricing - pay per module and per collaborator |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels7 records
Monto product offering
Product offeringCore offering
Monto provides a modular employee benefits platform for Mexican companies, delivered through a unified mobile app and admin dashboard with 14+ modules spanning financial wellness (earned wage access, payroll advances, payroll loans, variable compensation on demand), health (virtual medical consultations, wellness programs), insurance (voluntary and business), consumer benefits (discount network with 100+ brands, groceries and fuel, e-commerce shop), education, loyalty programs, and digital payments. Employers subscribe per module per collaborator and the platform automates deductions via integrations with major payroll systems, removing HR administrative burden while giving employees financial flexibility and access to perks.
Product overview
Monto is a modular employee benefits platform for Mexican companies, operating as a platform-plus-modules architecture with 14+ benefit modules. The core platform provides a unified mobile app and admin dashboard through which employers configure and manage access to benefit modules. The modular product suite includes financial products (Salario Bajo Demanda, Variable Bajo Demanda, Adelantos de Nómina, Préstamos de Nómina), health services (Consultas Médicas Virtuales, Programas de Bienestar), insurance (Seguros Empresariales, Seguros Voluntarios), consumer benefits (Descuentos y Promociones, Tienda Monto, Despensa y Gasolina), workplace benefits (Educación, Programas de Lealtad), and digital payments. Companies can subscribe to individual modules or bundled packages, configure access by employee segment, and administer all benefits through a single platform integrated with payroll systems.
Differentiator
Problem solved
Functional benefit
Brands
- Monto Cajero Inteligente: Brand name under which the application operates, as stated in the Terms and Conditions: 'plataforma móvil propiedad de TATEL, misma que opera bajo el nombre comercial y la marca Monto Cajero Inteligente.'
Products and services
- Salary on Demand (Salario Bajo Demanda) Earned wage access product enabling employees to access a percentage of their net salary based on days already worked, available 24/7 without paperwork or approvals, intended to address paycheck-to-paycheck cash flow gaps for Mexican workers.
- Variable Compensation on Demand (Variable Bajo Demanda) Early access to variable pay components (commissions, bonuses, prima vacacional, aguinaldo, savings funds) before the company's scheduled pay date, allowing employees to use accrued variable compensation in real time.
- Payroll Advances (Adelantos de Nómina) Advance of a percentage of salary before the company's payment date, structured as a loan with interest to the employee and repaid automatically via payroll deduction.
- Payroll Loans (Préstamos de Nómina) Credit product with interest and fixed term underwritten against recurring work income, repaid via automated payroll deduction; enables employers to digitalize and automate their existing payroll loan processes.
- Virtual Medical Consultations (Consultas Médicas Virtuales) Unlimited virtual medical consultations covering general medicine, mental health, nutrition, and veterinary care for the employee plus four family members.
- Business Insurance (Seguros Empresariales) Business insurance product protecting the employer's most valuable assets, including human capital and physical assets, delivered through carrier partnerships such as CHUBB.
- Voluntary Insurance (Seguros Voluntarios) Multi-quote platform for digital quoting, issuance, and payment of voluntary insurance lines (life, major medical, minor medical, auto, home, cell phone) at preferential prices for employees and their families, integrated with carriers such as CHUBB, Guros, and Fortex.
- Discounts and Promotions Network (Descuentos y Promociones) Discount and promotions network providing savings at 100+ national brands across retail, entertainment, food, sports, travel, and other categories for employees and their families.
- Groceries and Fuel (Despensa y Gasolina) Groceries and fuel benefit offering flexible payment options, preferential pricing, and savings on household essentials through brand partnerships such as Soriana.
- Monto Shop (Tienda Monto) E-commerce catalog of electronics, home goods, and appliances with flexible installment payment options, payroll-deducted payments, months without interest, special pricing, and free shipping.
- Wellness Programs (Programas de Bienestar) Wellness programs covering stress management, yoga, healthy eating, training, mindfulness, pet care, and leadership development, supported by weekly virtual webinars on health and wellness topics.
- Education Programs (Educación) Education benefits helping companies source academic and training programs to develop employee competencies and increase retention of key talent.
- Loyalty and Recognition Programs (Programas de Lealtad) Employee recognition and incentive module that lets companies reward goal achievement, birthdays, sales commissions, and tenure milestones with flexible gift options.
- Digital Payments (Pagos Digitales) Digital payments module enabling cash withdrawals, payments, and bill recharges ahead of payroll date to help employees avoid late fees and service interruptions.
Quantifiable outcome
- 40% of employees miss work due to financial issues - Monto helps address this
- +2 more outcomes
Companies that use Monto
Customer profileNamed customers10 records
Segments2 records
Ideal customer profiles3 records
Monto technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature6 records
Monto partnerships and signals
Strategic signalPartnerships
22 partnerships are on record, tiered core and minor.
- Software SicosscoreHR and payroll system provider with integration to Monto platform, enabling seamless payroll data exchange and automated deductions for employee benefits.
- FortiacorePayroll system provider integrated with Monto for automated employee benefit management and payroll deductions.
- IntelexioncoreHR technology integration partner enabling Monto to connect with enterprise HR systems.
- SAPcoreEnterprise ERP and HR system integration for large corporate clients using SAP payroll infrastructure.
- OraclecoreEnterprise system integration for companies using Oracle HR and payroll solutions.
- ContpaqicoreMexican payroll and accounting software integration partner serving SMB market.
- SonarhcorePayroll system integration for Mexican businesses using Sonarh software.
- NomilineacorePayroll system integration partner for automated benefit management.
- HubblecoreHR strategy company with 15+ years of experience, offering comprehensive human capital solutions and promoting Monto to their client base.
- Human QualitycoreHR services company that refers and implements Monto for their corporate clients seeking employee benefits solutions.
- JinzaicoreHR services partner distributing Monto benefits platform to their enterprise clients.
- CinépolisminorMajor Mexican cinema chain offering employee discounts to Monto users and their families through the platform.
- SorianaminorMajor Mexican supermarket chain offering employee discounts and fuel card benefits through the Monto platform.
- CHUBBcoreGlobal insurance provider offering life insurance, medical expenses, auto insurance, and other coverage through Monto's insurance module.
- GuroscoreInsurance technology company providing digital insurance products and pricing tools integrated with the Monto platform.
- FortexminorInsurance services partner offering coverage products through the Monto platform.
- Grupo Diagnóstico AriesminorDiagnostic health services provider offering medical tests and studies at preferential rates through the Monto platform.
- MedicatominorHealth services provider offering medical consultations and services through the Monto platform.
- Farmacias BenavidesminorMajor pharmacy chain offering health-related discounts on medications and health products through the Monto platform.
- DeblynminorPartner brand offering products and services through the Monto discount network.
- Viva AerobúsminorMexican low-cost airline offering flight discounts to Monto platform users.
- InnovasportminorSports retailer offering employee discounts on sporting goods and apparel through the Monto platform.
Scale indicators6 records
Recent moves6 records
Monto competitors and assessment
Company assessmentDirect peers
- ZayZoon: Canada-based earned-wage-access provider integrated with payroll systems, primarily serving SMB employers. Comparable product mechanics around on-demand salary access with employer-paid subscription model.
- Payactiv: US earned-wage-access and financial-wellness platform offering salary advances, bill pay, and discounts via employer integrations. Comparable earned-wage core plus adjacent financial-wellness modules overlapping with Monto's offering.
- Caju: Brazilian employee benefits platform offering a multi-benefit card (meal, food, culture, transit, health) with payroll-deduction integrations. Closest LatAm peer to Monto's modular benefits model with similar go-to-market into Brazilian employers.
- Flash Benefícios: Brazilian employee benefits and corporate wellness platform offering meal vouchers, multi-benefit cards, and HR-tech integrations. Direct LatAm comparable in modular benefits distribution and employer-facing SaaS model.
- Even Responsible Finance: US earned-wage-access and budgeting app for hourly workers with employer integrations. Direct competitor in on-demand pay category with similar financial-wellness positioning for underserved employees.
- DailyPay: US-based earned-wage-access platform providing on-demand pay integrated with employer payroll systems. Closest direct competitor to Monto's salary-on-demand module in product mechanics and enterprise GTM motion.
- Rain: US earned-wage-access platform offering instant pay access integrated with employer payroll systems. Directly comparable product functionality around salary-on-demand delivered via enterprise partnerships.
- Wagestream (now part of Zilch): UK-based earned-wage-access and financial-wellness platform serving large employers. Strong direct peer in the on-demand salary and broader employee financial-wellness category.
Broad incumbents
- Edenred: Global leader in employee benefits vouchers (meal, food, mobility, health) with deep presence in Mexico. Larger incumbent offering overlapping benefits categories that could bundle competing financial-wellness features at scale.
- Sodexo Benefits & Rewards: Global benefits and rewards services provider with significant Mexican operations offering meal vouchers, gift cards, and mobility benefits. Established incumbent serving overlapping employer customer base with broader portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Monto social profiles
Digital presenceMonto compliance and trust
Trust signalCompliance1 record
Monto financial estimates
Financial estimateRevenue estimate
Valuation estimate
Monto leadership team
Management profileNumber of profiles
Profiles2 records
Monto funding detail
Funding detailFunding overview
Funding rounds1 record
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Monto 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 Monto
What does Monto do?
Monto provides a modular employee benefits platform for Mexican companies, delivered through a unified mobile app and admin dashboard with 14+ modules spanning financial wellness (earned wage access, payroll advances, payroll loans, variable compensation on demand), health (virtual medical consultations, wellness programs), insurance (voluntary and business), consumer benefits (discount network with 100+ brands, groceries and fuel, e-commerce shop), education, loyalty programs, and digital payments. Employers subscribe per module per collaborator and the platform automates deductions via integrations with major payroll systems, removing HR administrative burden while giving employees financial flexibility and access to perks.
Is Monto a public or private company?
Monto is a private company. It is classified as venture growth investor backed and is currently operating.
When was Monto founded?
Monto was founded in 2019. It employs 11 to 50 people.
Where is Monto based?
Monto is headquartered in Monterrey, Mexico, in the Latin America region.
How does Monto make money?
Two revenue lines are on record. Module-based Subscription is the primary driver. The others are financial Product Commissions/Interest.
Who are Monto's main competitors?
Direct peers on record are ZayZoon, Payactiv, Caju, Flash Benefícios, Even Responsible Finance, DailyPay, Rain and Wagestream (now part of Zilch). Broad incumbents are Edenred and Sodexo Benefits & Rewards.
Does Monto have an API?
No public API is recorded for Monto.
What industry is Monto in?
Monto's product category is Employee Benefits Platform. Its primary akta.pro industry code is HDAEAEAJ, Human Capital Management (HCM) & Payroll Platforms, with a secondary code of BPACAIAF, Workforce Benefits Administration (Enrollment & Deductions). Its NAICS code is 541214 and its SIC code is 7361.