Thursday, July 24, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home World Regional News Europe

Montonio raises €11 million in a Series A funding round

Femi Thomas by Femi Thomas
04/13/2022
in Europe
0 0
0
Montonio

Montonio

0
SHARES
Share on FacebookShare on Twitter

Estonia, Tallinn-based Montonio has raised €11 million in a Series A funding round as it presses forward with its one-stop-shop checkout solution for e-commerce merchants and consumers’ mission.

In conjunction with the fresh lining of the coffers, the startup has announced the launch of its services in Poland, adding to the Estonian, Latvian, and Lithuanian collections.

The new funds will be used, in part, to drive expansion efforts even further afield later this year.

On the consumer front, the company is capitalizing on the prevalence of buy now pay later (BNPL) financing and offers consumers the ability to compare offers from multiple lenders in real-time.

According to the startup, when compared to bigger players, its solution reduces consumer credit costs by up to 50% and results in higher conversions for the merchant.

For merchants, the company offers a payment solution based on open banking, one that can cut costs by up to a factor of 100x when compared to traditional mechanisms such as Visa or Mastercard.

Montonio’s €11 million Series A round was led by Index Ventures with previous investors Tera Ventures, ffVC, and previously undisclosed Superangel following on.

 

Read more on Tech Gist Africa:

Supply chain API platform Procuros procures $9 million in funding

Berlin-based insurtech startup Feather raises €3.8 million

Carbon management platform Sweep raises $73 million

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Femi Thomas

Femi Thomas

Related Posts

Breega Europe
Europe

Breega, an early-stage venture capital firm based in Europe, has launched a $75 million Africa-focused fund

by Tech Gist Africa
07/02/2024
1

Breega, one of Europe's fastest-growing early stage funds, has launched its first African fund, "Breega Africa Seed I," with the...

Read more
Mon Petit Placement France

Lyon’s fintech firm Mon Petit Placement bags €6.5M

10/30/2023
Creative Force Denmark

Denmark’s Creative Force bags $8.9M

10/30/2023
Ankra Sweden

Sweden-based Ankra raises €1.1M

10/30/2023
Nortech AI Norway

Norwegian-Portuguese AI innovator Nortech AI gets €2.5M

10/30/2023
Next Post
Choco Germany

Food supply chain management platform, Choco chalks up $111 million

Ribonexus France

Ribonexus gets €2 million to develop melanoma treatment

Allseated

Allseated raises $15M in a new funding round led by Trinity Capital

No Result
View All Result

The Big 5

Africa Tech

Tech Diplomacy: How Africa is Leveraging Technology for International Relations and Development

by Tech Gist Africa
07/21/2025
0

...

Media and Entertainment

How African Technology is Changing the Face of Media, Entertainment, and Digital Content

by Tech Gist Africa
07/14/2025
0

...

Ecobank

Ecobank, Google Partner to Boost Financial Inclusion and Innovation Across Africa

by Tech Gist Africa
07/08/2025
0

...

AWIEF

AWIEF 2025 Awards Nominations Now Open to Celebrate Africa’s Top Women Entrepreneurs

by Tech Gist Africa
07/08/2025
0

...

Google for Startups Accelerator Africa

15 African AI startups Selected for Google for Startups Accelerator Africa

by Tech Gist Africa
07/08/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.