What Monet+ does

Monet+ is a Czech-headquartered software house founded in 1996 that builds smart card and PKI-based technology for digital identity and electronic payments. Its product portfolio is organized around two platform lines: the ProID digital identity suite (qualified electronic signatures under eIDAS, modular authentication via IDport, CryptoPlus PKI authentication, the Smart klíč mobile token, and the Bittron USB-C security token) and the Switchio payments platform (EMV and closed-loop payments, Account-based Ticketing, tokenization, and remote terminal management for retail, public transport, and EV charging). Underpinning both lines is an in-house Perso Lab personalization facility and the RECS cryptography research unit focused on post-quantum security.

The company serves banks (Komerční banka, ČSOB, Česká spořitelna), government (Czech State Printing Works of Securities, Ministry of Transport, Slovak National Council), energy (MOL/Slovnaft), healthcare (Masaryk Oncology Institute), and enterprise customers. It monetizes through a mix of software licenses and recurring platform subscriptions, hardware and card personalization revenue, professional consulting services for PKI and regulatory compliance (eIDAS 2.0, DORA, PSD2, GDPR), and transaction fees on payment processing — all delivered via direct enterprise field sales, multi-year contracts, and dedicated consulting teams.

Operating from a Zlín headquarters and six additional Czech offices, Monet+ supports 5.5 million banking identities, processes more than 1.8 billion card transactions annually, authorizes over EUR 100 billion in payments per year across 250,000+ terminals in 50+ countries, and has enabled issuance of 31 million+ electronic documents. The firm is controlled by holding company Lynx assets, s.r.o., employs more than 300 people, and was named Czech Company of the Year 2025.

Name

Monet+

Legal name

MONET+,a.s.

Website

https://monetplus.cz

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

101–250 employees

Short description

Monet+ is a Czech software house building PKI-based digital identity, smart card, and electronic payments platforms (ProID, Switchio, Smart klíč, Bittron) for banks, governments, and enterprises across 50+ countries.

Ownership category

akta.pro rank

Product category

Digital Identity & Payment Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Finance Services (6199)

akta.pro primary industry

Card Issuing Platforms (Issuer Processing) (FSAGABAD)

akta.pro secondary industry

Alternative Payment Methods (APMs) Enablement (BNPL, wallets, local methods) (FSAMACAE)

Keywords

• Digital identity software
• Smart card technology
• Payment processing platforms
• PKI authentication systems
• Electronic signature solutions

Headquarters

HQ city

Zlin

HQ country

Czechia

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Licenses and Solutions: Sale of software solutions for digital identity, authentication, and payments including ProID+, Switchio, and related platforms. Revenue generated through solution sales, implementation, and ongoing software maintenance.
2. Smart Card Production and Personalization: Manufacturing and personalization of smart cards including PKI cards, payment cards, and identity documents through the company's Perso Lab facility
3. Professional Consulting Services: Expert consulting services for digital identity, cybersecurity, PKI infrastructure design, and regulatory compliance (eIDAS, GDPR, PSD2, DORA)
4. Payment Processing: Processing of card transactions through payment terminals, enabling payments for retail, public transport, and EV charging

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Monet+ is a Czech software house that develops and delivers proprietary digital identity and electronic payment solutions built on smart card, PKI, and mobile authentication technologies. The company sells two main product platforms — ProID for qualified electronic signatures and certificate-based authentication, and Switchio for EMV/closed-loop payments, Account-based Ticketing, and EV charging payments — supported by hardware tokens (Bittron), a card personalization laboratory (Perso Lab), and professional consulting services.

Product overview

Monet+ operates as a Software House offering two main product lines: Digital Identity and Digital Payments, organized as a platform-plus-modules architecture. The Digital Identity line centers on ProID for qualified signatures and authentication, complemented by IDport for modular authentication, CryptoPlus/ProID+ for PKI-based security, and Smart klíč for mobile authentication. The Digital Payments line is anchored by Switchio for retail/transport/EV charging payments, alongside specialized solutions like Dárkomat for gift cards and Perso Lab for card personalization. Supporting these is the RECS research platform focused on cryptography and security. The company serves banking, government, healthcare, and retail sectors across 50+ countries, processing over 1.8 billion transactions annually.

Differentiator

Problem solved

Functional benefit

Brands

• ProID: Digital identity solutions including qualified signatures, authentication, and certificate management.
• Switchio
• Smart klíč
• RECS
• Bittron

Products and services

• ProID Comprehensive digital identity platform providing qualified electronic signatures, internal system authentication, and certificate management for enterprises and government institutions.
• Switchio Payment platform for retail, public transport, and EV charging supporting both EMV and closed-loop payments, Account-based Ticketing, tokenization, and remote terminal management.
• eSign Service ensuring the highest level of electronic signature according to European eIDAS regulation for qualified electronic signatures.
• IDport Modular authentication solution for user authentication and transaction authorization that succeeds the MEP system, enabling full abstraction of authentication methods.
• Dárkomat Gift card aggregator solution enabling unified acceptance of gift cards from multiple retailers, with end-to-end functionality from card issuance to acceptance on partner payment terminals.
• Smart klíč (Smart Key) Mobile authentication application enabling secure login and transaction authorization, replacing SMS-based OTP, supporting access to Citizen Portal and Bankovní identita (BankID).
• Bittron USB-C Security Token Hardware security token in USB-C form factor providing an alternative SCA (Strong Customer Authentication) method for banking and enterprise users.
• Perso Lab (Personalization Laboratory) Card personalization center providing sophisticated personalization solutions for PKI cards, multi-functional payment cards, and biometric documents including Czech passports and ID cards.
• CryptoPlus / ProID+ PKI-based authentication and authorization platform integrating secure smart cards with cryptography into operating systems, generating private keys directly inside physical smart cards.
• KB Key (MůjKlíč) PKI solution for strong authentication of corporate clients in online banking, using smart cards with design personalization and providing two-factor authentication.
• RECS (Research and Education in Cryptography and Security) Research and education platform focused on digital security architecture, modern authentication methods, post-quantum cryptography, and consulting services.
• CASE (Centrální Autentizační Server) Central authentication server supporting PKI and multi-channel authentication for banking systems.
• EUDIW Connector Gateway Gateway solution for technical integration with European Digital Identity Wallet (EUDIW) services, handling cryptography, key/certificate management, and ARF, STS, ETSI OpenID Connect protocols.

Quantifiable outcome

• 5.5 million banking identities supported in Czech Republic
• +6 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

Six partnerships are on record, tiered core.

• Státní tiskárna cenincoreStrategic or Co-development PartnerLong-term partnership for production of biometric passports, ID cards, driver's licenses, and other secure documents with personalization systems
• I.CA (První certifikační autorita)coreTechnology or IntegrationFirst certification authority in Czech Republic; partnered with for PKI solutions and electronic signatures
• Bank iDcoreTechnology or IntegrationBank identity service integrated with Monet+ solutions for customer authentication in digital services
• NIA (Národní identitní autorita)coreTechnology or IntegrationNational identification authority providing identity verification services integrated with Monet+ digital onboarding solutions
• VISAcoreTechnology or IntegrationPayment network partner for EMV card processing and certification
• MastercardcoreTechnology or IntegrationPayment network partner for EMV card processing and certification

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Thales: Global leader in digital identity and security, with a dedicated Digital Identity & Security (DIS) division offering smart cards, PKI, payment processing, and government ID solutions. Directly comparable to Monet+ across ProID-equivalent identity offerings and Switchio-equivalent payment platforms, but at vastly larger scale across more geographies.

Direct peers

• IDEMIA: French multinational specializing in augmented identity, payment cards, and biometric/eID solutions. Closest direct peer to Monet+ with smart card manufacturing, EMV personalization, government e-passport programs, and authentication services targeting banks, governments, and enterprises globally.
• Giesecke+Devrient: German-headquartered provider of security technology including smart cards, payment solutions, secure identity documents, and connectivity solutions. Operates comparable product lines (card issuance, PKI, payment platforms) with similar banking and government client base, though with substantially larger scale.
• HID Global: US-based provider of secure identity solutions including smart cards, PKI, multi-factor authentication, and credential management. Comparable to Monet+'s ProID and IDport offerings with strong enterprise and government focus, particularly in physical and logical access control.
• Veridos: Joint venture between Giesecke+Devrient and Bundesdruckerei producing government identity documents including e-passports, ID cards, and driver's licenses. Directly comparable to Monet+'s work with the Czech State Printing Works of Securities on biometric passports and personalization systems.
• Utimaco: German provider of hardware security modules (HSMs) and cryptographic solutions for PKI, payments, and digital identity. Comparable to Monet+'s cryptography and PKI expertise, though focused on enterprise infrastructure rather than end-to-end identity platforms.
• IN Groupe (formerly Groupe Imprimerie Nationale): French specialist in secure identity and digital services, including the former Nexus identity business. Provides identity verification, authentication, and eID solutions comparable to Monet+'s ProID and EUDIW Connector Gateway offerings, with similar banking and government customer base.

Others

• NXP Semiconductors: Semiconductor supplier whose secure element chips power many of the smart cards and payment devices Monet+ personalizes and integrates. Not a direct competitor but an enabling technology provider whose roadmap (post-quantum secure elements) shapes Monet+'s product evolution.

Emerging players

• Crypto4A Technologies: Canadian provider of quantum-safe HSM and PKI infrastructure. Comparable to Monet+'s RECS platform and post-quantum cryptography research focus, serving similar banking and government customers migrating to quantum-safe infrastructure, though with a narrower hardware-centric product focus.

Regional players

• Certify (BankID Norway / BankID Sweden): Scandinavian bank-led digital identity schemes serving tens of millions of users across Norway and Sweden. Conceptually analogous to Monet+'s work with ČSOB Smart klíč and Bank iD integration, though operating at larger national scale within the Nordics rather than Czech/Slovak territories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=0osXX_mD0Ro
• Facebookfacebook.com/monetplus
• LinkedInlinkedin.com/company/monetplus
• Instagraminstagram.com/monet_plus
• Xx.com/monet_plus

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Monet+