MonetaGo
MonetaGo is a Singapore-based fintech operating the Secure Financing Digital Public Infrastructure platform, which uses cryptographic hashing and confidential computing to detect duplicate and fraudulent trade finance transactions for banks, TReDS exchanges, and government regulators across India, Singapore, Bahrain, and the UK.
- Company typePrivate
- Founded2018
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What MonetaGo does
MonetaGo is a private Singapore-domiciled fintech that operates a Digital Public Infrastructure (DPI) platform for trade finance fraud prevention, deployed commercially since 2018. Its flagship product, Secure Financing, combines four functional modules: duplicate financing detection (via digital fingerprinting/hashing of trade documents), fraudulent document authentication (cross-checking against 'golden sources' such as Lloyd's List Intelligence for Bills of Lading, GST/VAT registries, and customs databases), an automated collateral registry using digital signatures, and a VAT registry for tax authorities. The platform runs on Google Cloud Confidential Computing within trusted execution environments, achieving privacy-preserving cross-institution detection without exposing underlying transaction data, and is ISO 27001:2013 certified and ISO 20022 compliant.
MonetaGo sells to three primary customer segments: commercial and investment banks engaged in trade and receivables finance (including named relationships with Standard Chartered, DBS Bank, SBI Factors, and India Factoring); trade finance platforms and TReDS exchanges (RXIL, KredX, C2Treds); and government/regulatory bodies deploying national trade finance registries (Association of Banks Singapore, BENEFIT Bahrain, SIDBI India, ICC UK). The go-to-market combines direct enterprise field sales from offices in New York, Singapore, Mumbai, and London with channel-led distribution, most notably through the Swift Global API Gateway (MonetaGo is the first third-party trade service accessible via that channel), partnerships with infrastructure providers (Oracle, IBM, efcom, Digital Vault Services), and industry-body endorsements (ITFA, FCI, ICC, BAFT).
The revenue model combines enterprise subscription licensing for the Secure Financing platform with transaction/usage-based fees on processed trade volume, supported by national-registry implementation contracts with banks and government entities. Pricing is custom and quote-based with annual billing, and the company reports cumulative processing of 4M+ transactions and hundreds of billions of dollars in trade volume across deployed markets in India, Singapore, Bahrain, the UK, and select regional pilots.
MonetaGo firmographics
Firmographics- Name
- MonetaGo
- Legal name
- MonetaGo
- Website
- https://monetago.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- MonetaGo is a Singapore-based fintech operating the Secure Financing Digital Public Infrastructure platform, which uses cryptographic hashing and confidential computing to detect duplicate and fraudulent trade finance transactions for banks, TReDS exchanges, and government regulators across India, Singapore, Bahrain, and the UK.
- Ownership category
- akta.pro rank
MonetaGo industry classification
Industry- Product category
- Trade Finance Fraud Prevention Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- akta.pro primary industry
- Fraud Detection & Prevention (payments fraud, account takeover, scams) (FSAGAFAE)
Keywords
Where MonetaGo is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
MonetaGo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Secure Financing Platform Subscription: Subscription-based access to MonetaGo's Secure Financing platform providing duplicate financing detection, fraudulent document detection, collateral registry, and VAT registry capabilities. Platform is available via web UI and API with multiple connectivity options.
- Transaction/Usage-Based Fees: Revenue based on transaction volume processed through the platform. The system handles 'hundreds of billions of dollars of trade' indicating substantial transaction-based revenue potential. In production since 2018 with millions of transactions processed.
- Enterprise Licensing: Enterprise licensing arrangements with large banks and financial institutions for dedicated deployment and integration with existing trade finance infrastructure. Implementation partnerships with Swift API, Oracle, and platform integrations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise B2B pricing - Custom quote-based model |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels6 records
MonetaGo product offering
Product offeringCore offering
MonetaGo provides the Secure Financing platform, a Digital Public Infrastructure (DPI) solution for trade finance fraud prevention. The platform uses digital fingerprint hashing technology and confidential computing to enable financial institutions to detect duplicate financing, authenticate trade documents against golden data sources, register collateral and VAT invoices, and share fraud intelligence without exposing confidential customer data. It is sold as a subscription-based software service to banks, TReDS exchanges, factoring companies, and government entities.
Product overview
MonetaGo offers Secure Financing, a Digital Public Infrastructure (DPI) platform for trade finance fraud prevention. The platform consists of multiple integrated modules: Duplicate Financing Detection (uses hashing technology to identify double financing), Fraudulent Document Detection (validates documents against golden sources), Collateral Registry (digitizes movable asset registration), and VAT Registry (automates e-filing and invoice validation). The system is accessible via web-based UI, RESTful API, and Swift API gateway, operating globally since 2018 with deployments in India, Singapore, Bahrain, and the UK.
Differentiator
Problem solved
Functional benefit
Brands
- Secure Financing: MonetaGo's flagship Digital Public Infrastructure platform that provides duplicate financing detection and fraudulent document detection for trade finance. It combines digitization and fraud prevention solutions using encryption and confidential computing technology.
Products and services
- Secure Financing MonetaGo's flagship Digital Public Infrastructure (DPI) platform for trade finance that combines digitization and fraud prevention solutions using encryption and confidential computing technology. It enables financial institutions, TReDS exchanges, factors, and government entities to detect duplicate financing and authenticate trade documents before disbursement, integrating duplicate financing detection, fraudulent document authentication against golden sources (maritime intelligence, GST/VAT registries, customs databases), collateral registry, and VAT registry capabilities.
Quantifiable outcome
- Prevented tens of billions in losses from duplicate financing fraud
- +4 more outcomes
Companies that use MonetaGo
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
MonetaGo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability4 records
Feature7 records
MonetaGo partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered flagship and core.
- BENEFIT (Bahrain Electronic Network For Financial Transactions)flagshipBENEFIT and MonetaGo implementing Bahrain's first Trade Finance Registry - a digital ledger for financed trade transactions and invoice submissions. BENEFIT is the national infrastructure provider for payments and messaging in Bahrain, owned by a consortium of 17 commercial banks.
- Bahrain Association of BanksflagshipPartnership with Bahrain Association of Banks as part of Bahrain's National Digital Public Infrastructure Initiative for trade finance registry.
- SIDBI (Small Industries Development Bank of India)corePartnership to strengthen MSME financing in India with fraud prevention infrastructure. SIDBI is the principal financial institution for promotion, financing, and development of micro, small and medium enterprises in India.
- Bahrain FinTech BayflagshipStrategic partnership to launch Bahrain's National Trade Finance Registry as part of the country's Digital Public Infrastructure initiative under Bahrain's Economic Vision 2030.
- KredX (TReDS Platform)coreKredX's TReDS Platform DTX partnered with MonetaGo to strengthen fraud prevention in supply chain financing.
- SBI Factors (State Bank of India Factors)coreSBI Factors adopted MonetaGo Secure Financing system for fraud prevention in trade finance operations.
- Digital Vault Services GmbH (DVS)coreStrategic partnership to augment digital trade guarantee infrastructure. DVS provides digital vault services for trade documentation.
- OraclecorePartnership with Oracle to deliver increased fraud prevention capabilities through Oracle's technology infrastructure.
- FCI (Factors Chain International)flagshipGlobal representative body for factoring and financing of open account domestic and international trade receivables partnered with MonetaGo to grow adoption of enhanced fraud prevention measures including interoperable receivables recording centres.
- ITFA (International Trade and Forfaiting Association)flagshipITFA's Fraud Working Group is chaired by representatives from Standard Chartered and MonetaGo. Working group released whitepaper on cross-border trade finance fraud including guidance on invoice registries and duplicate financing prevention.
- Lloyd's List IntelligencecorePartnership to authenticate key trade finance documents using maritime intelligence data. Validates Bills of Lading, containerized cargo, and shipment information to strengthen real-time interruption of fraudulent trade financing attempts.
- efcomcorePartnership to integrate Secure Financing platform into efcom's core factoring platforms, providing financiers with an additional layer of security and increasing trust in the factoring industry.
- ICC United Kingdom (ICC UK)flagshipPartnership under ICC UK's Centre for Digital Trade and Innovation (C4DTI) to strengthen UK finance industry against duplicate financing fraud. Joint whitepaper 'Shutting fraudsters out of trade' released.
- SwiftflagshipFirst-of-its-kind partnership making MonetaGo the first third-party service in trade available via Swift Global API Gateway. Swift provides identity management, authentication, security, network reach, and connectivity for banks worldwide to the global Secure Financing service. Access to Swift's 11,000 member banks worldwide.
- IBMcoreIBM partnered with MonetaGo for trade finance deduplication services.
- Association of Banks Singapore (ABS)flagshipAfter extensive bidding process, ABS selected MonetaGo to build the Singapore Trade Finance Registry - an interoperable industry utility that bridges information silos between banks to combat duplicate financing fraud in Singapore.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
MonetaGo competitors and assessment
Company assessmentDirect peers
- TradeIX / Marco Polo Network: Marco Polo Network (built on R3 Corda, originally TradeIX) provides trade finance automation and risk mitigation tools to banks and corporates. Like MonetaGo, it is positioned as a shared industry utility addressing systemic trade finance inefficiencies.
- TradeSun: TradeSun is a trade finance digitization and analytics platform that automates document handling and compliance checks. Both companies address inefficiency and fraud in trade finance with AI-assisted document processing, though TradeSun emphasizes broader digitization while MonetaGo focuses narrowly on duplicate financing.
- essDOCS: essDOCS (now part of CENTRS) provides electronic trade document solutions including electronic bills of lading. Both companies work to eliminate paper-based and fraud-prone trade documents; they are complementary in some pilots but compete for the same bank-led adoption budgets.
- we.trade: we.trade is a blockchain trade finance platform backed by a consortium of European banks. Both companies build shared trade-finance utility networks targeting duplicate-financing and fraud-reduction use cases, and they compete for bank consortium mandates.
- Komgo: Komgo is a blockchain-based digital trade finance network backed by major commodity banks (ING, Citi, Société Générale). Both companies focus on digitizing trade finance workflows and reducing fraud, and they overlap in providing shared infrastructure for trade participants — Komgo through KYX and distributed ledger workflows, MonetaGo through Secure Financing.
- Enigio: Enigio provides digital original trade documents (trace:original) including electronic bills of lading. Both companies target the digitization and fraud-prevention pain points in trade finance, with Enigio focused on document-level digital originals and MonetaGo on registry-level duplicate detection.
Others
- Refinitiv (LSEG) World-Check: Refinitiv/LSEG provides financial crime, KYC and trade compliance data feeds. As a data-and-validation infrastructure provider, it overlaps thematically with MonetaGo's document authentication against golden sources, though it focuses on broader compliance rather than registry-level duplicate detection.
- Swift (Trade Finance Validation Service / SCF): Swift is both MonetaGo's most important distribution partner (hosting Secure Financing as the first third-party trade service on its API gateway) and a potential long-term competitive threat. Both serve trade finance infrastructure needs for banks globally.
Broad incumbents
- Surecomp: Surecomp provides end-to-end trade finance and compliance software to banks globally. As a broader incumbent, it overlaps with MonetaGo in serving bank trade finance operations and could natively add registry-style fraud prevention features, making it both a competitor and an integration partner.
- Coface: Coface is a global trade credit insurer and risk management provider. It addresses trade and receivables risk at the portfolio level — overlapping with MonetaGo's fraud and financing risk territory, though Coface traditionally focuses on buyer-credit insurance rather than registry-level fraud prevention.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
MonetaGo social profiles
Digital presenceMonetaGo compliance and trust
Trust signalCompliance2 records
MonetaGo financial estimates
Financial estimateRevenue estimate
Valuation estimate
MonetaGo leadership team
Management profileNumber of profiles
Profiles6 records
MonetaGo funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MonetaGo 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 MonetaGo
What does MonetaGo do?
MonetaGo provides the Secure Financing platform, a Digital Public Infrastructure (DPI) solution for trade finance fraud prevention. The platform uses digital fingerprint hashing technology and confidential computing to enable financial institutions to detect duplicate financing, authenticate trade documents against golden data sources, register collateral and VAT invoices, and share fraud intelligence without exposing confidential customer data. It is sold as a subscription-based software service to banks, TReDS exchanges, factoring companies, and government entities.
Is MonetaGo a public or private company?
MonetaGo is a private company. It is classified as unknown and is currently operating.
When was MonetaGo founded?
MonetaGo was founded in 2018. It employs 11 to 50 people.
Where is MonetaGo based?
MonetaGo is headquartered in New York, United States, in the North America region.
How does MonetaGo make money?
Three revenue lines are on record. Secure Financing Platform Subscription is the primary driver. The others are transaction/Usage-Based Fees and enterprise Licensing.
Who are MonetaGo's main competitors?
Direct peers on record are TradeIX / Marco Polo Network, TradeSun, essDOCS, we.trade, Komgo and Enigio. Others are Refinitiv (LSEG) World-Check and Swift (Trade Finance Validation Service / SCF). Broad incumbents are Surecomp and Coface.
Does MonetaGo have an API?
Yes. Secure Financing is available as a RESTful API and via the Swift API gateway. Client integration to APIs is facilitated by OpenAPI 3 specifications and ISO 20022 compliance. The solution is the first third-party service in trade available on the Swift API channel, accessible to Swift's 11,000 members worldwide. Access is also available via a web-based UI for processing transactions and report generation. Developer documentation is at developer.swift.com/api/trade-finance-validation-service/overview.
What industry is MonetaGo in?
MonetaGo's product category is Trade Finance Fraud Prevention Software. Its primary akta.pro industry code is FSAGAFAE, Fraud Detection & Prevention (payments fraud, account takeover, scams). Its NAICS code is 522320.