Mona Solutions

Name

Mona Solutions

Legal name

MONA Payment Solutions

Website

https://monasolutions.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

MONA Payment Solutions is a private merchant services provider offering credit card processing, payment gateway, and Level 2/3 B2B processing to SMBs across the trucking, automotive, and B2B/industrial verticals via direct sales and association and credit union referral partnerships in the US and Canada.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

akta.pro secondary industries

Payment Gateways & API Connectivity (FSAGABAB), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• Merchant services
• Credit card processing
• Payment processing solutions
• B2B payment processing
• Trucking payment solutions

Headquarters

HQ city

Thousand Oaks

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Credit Card Processing Fees: Transaction-based fees charged to merchants for processing credit and debit card payments. Fees include interchange fees, assessment fees, and markup fees typically ranging from 1% to 3% per transaction depending on card type and processing method.
2. Merchant Services: Comprehensive merchant account services including payment gateway access, point-of-sale systems, and terminal equipment with associated service fees.
3. RewardPay Surcharging Solution: Program enabling merchants to process credit card transactions with reduced or eliminated processing fees through surcharging mechanisms.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

MONA Payment Solutions is a full-service merchant services provider that enables businesses to accept credit, debit, mobile, and electronic payments onsite, offsite, and online. Its proprietary MONA Gateway platform underpins a suite of payment processing services, including the RewardPay surcharging program, Level 2 and 3 processing, eCommerce/shopping cart integration, and industry-specific solutions for trucking, automotive, and B2B/industrial sectors.

Product overview

MONA Payment Solutions is a full-service merchant services provider offering a comprehensive suite of payment processing solutions. The core offering centers on the MONA Gateway platform, supplemented by merchant services for credit/debit card acceptance and various add-on modules. The product portfolio includes RewardPay (surcharging solution), eCommerce integration, Level 2 & 3 Processing for reduced interchange fees, and Consumer Choice payment options. Industry-specific solutions target trucking, auto, and B2B/industrial sectors. Mobile wireless processing capabilities round out the offering for on-the-go payment acceptance.

Differentiator

Problem solved

Functional benefit

Products and services

• Merchant Services Core merchant services enabling businesses to accept credit cards, debit cards, and electronic payments in-person and online. Provides point-of-sale terminals and payment processing infrastructure for businesses across multiple industries.
• The MONA Gateway
• RewardPay Surcharging Solution
• eCommerce & Shopping Cart
• Level 2 & 3 Processing
• Consumer Choice
• Wireless Credit Card Processing
• Trucking Industry Solutions
• Auto Industry Solutions
• B2B / Industrial Solutions

Quantifiable outcome

• Level 3 processing can reduce commercial transaction fees by up to 1.05% compared to standard Level 1 processing, saving approximately $105 per $10,000 transaction
• +1 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core.

• TRALA (Trucking Association)coreGTM or Marketing Partner · 1 October 2021MONA Payment Solutions joined TRALA as an associate member. TRALA represents trucking industry professionals and provides networking and advocacy for transportation companies.
• Southern California Veterinary Medical Association (SCVMA)coreGTM or Marketing Partner · 1 January 2016Partnership since 2016 with the nation's largest regional veterinary medical association representing over 900 hospitals and 1,500 members. SCVMA is a 501(c)(6) non-profit professional association founded in 1905.
• Gateway Bank FSBcoreStrategic or Co-development PartnerStrategic collaboration between MONA Payment Solutions and Gateway Bank FSB, a Minority Depository Institution serving Oakland's Chinatown community for over 25 years. Partnership combines MONA's merchant services expertise with Gateway Bank's trusted banking experience to help businesses access modern payment technology with personalized service.
• Edwards Federal Credit UnioncoreGTM or Marketing PartnerPartnership providing Edwards FCU members access to MONA's full suite of business payment solutions including credit/debit processing, mobile payments, invoicing tools, and online checkout integrations. Edwards FCU has served the Antelope Valley community since 1962.
• Printing Industries Association, Inc. (PIA)coreGTM or Marketing PartnerLong-standing partnership with the Printing Industries Association, a trade organization helping graphic communications industry businesses succeed for over 80 years. PIA provides members with resources on HR, tax, compliance, and technical printing issues.
• DSI SolutionscoreTechnology or IntegrationTechnology partnership providing integrated payment solutions specifically designed for the trucking industry. DSI Solutions offers trucking software with which MONA integrates to provide seamless payment processing.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Fiserv (Clover): Clover, a Fiserv product, provides POS and payment processing for SMBs. It competes with MONA's merchant services and is frequently used by ISOs and bank partners in similar verticals.
• Square (Block, Inc.): Square provides card acceptance, POS hardware, software, and capital to SMBs. It is comparable to MONA as a merchant services provider, but at vastly greater scale with bundled software and lending.
• PayPal: PayPal offers merchant processing, POS, and checkout solutions comparable to MONA's online and offline card acceptance. It is a much larger incumbent with consumer wallet and BNPL adjacencies.
• Stripe: Stripe is a global payment processor offering online and in-person card acceptance plus developer APIs. It overlaps with MONA's gateway and e-commerce processing offerings but competes primarily for larger merchants and platforms.

Direct peers

• National Processing: National Processing is a direct merchant services competitor serving SMBs across multiple verticals with a consultative sales model, comparable to MONA's sales-led GTM.
• Payment Depot: Payment Depot is a direct SMB merchant services competitor offering interchange-plus pricing and surcharging programs (Zero-Cost program) similar to MONA's RewardPay.
• Stax (by Fattmerchant): Stax is a subscription-based payment processor targeting SMBs and mid-market merchants with transparent pricing. Comparable to MONA in SMB focus, surcharging/dual-pricing options, and Level 2/3 processing capabilities.
• Dharma Merchant Services: Dharma is a payment processor focused on B2B, Level 2/3 processing, and industry-specific verticals—closely mirroring MONA's B2B/industrial and trucking focus.
• Helcim: Helcim is a direct SMB-focused merchant services competitor offering transparent interchange-plus pricing, online and in-person processing, and integrations. Closely comparable to MONA in target customer, pricing philosophy, and product scope.

Others

• Fleetworthy: Fleetworthy provides fleet management, compliance, and payment solutions for the trucking industry. MONA partners with Fleetworthy and shares the trucking vertical, making it an adjacent ecosystem player rather than a direct payments competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/monasolutions

Compliance1 record

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 Mona Solutions