Monavate Information

Born and based in Cambridge, UK, Monavate is a specialist payments solution provider helping innovative, ambitious businesses navigate the complex network of technology choices needed to launch financial programmes. A principal member of Visa, Mastercard and Discover, Monavate’s scheme sponsorship and payments platform is expertly curated to provide world class technology and enable its customers to create and manage next-generation products with ease, scale and speed. Discerning fintech and payment providers work with Monavate to power their start-up and scale-up journeys, removing the complexities to entry in launching and scaling programmes. There is a loud, incoherent and overcrowded ecosystem of services, solutions and products for payments, with businesses now overwhelmed, instead of liberated, by industry fragmentation. Monavate has created a people-first payment solution, combining guidance from their team of professionals, and fit-for-purpose technology to make even the most ambitious financial product idea a reality. Established in 2020, there was a vision to change the payment landscape. Monavate now has a stellar cast of experts in its 37-strong team, has issued more than 4 million cards, powered over 94 million transactions, processed over £2 billion in customer spend on Monavate-issued cards, and covers 32 countries. Monavate is regulated by the UK Financial Conduct Authority and Bank of Lithuania as an e-money institution.