Austrian FinTech start-up Monkee secures seven-figure investment

April 12, 2024

55 1 minute read

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Austrian FinTech start-up, Monkee, has recently secured a significant seven-figure investment, marking a new milestone in its journey to revolutionise personal finance management, according to a report from tech.eu.

Monkee is at the forefront of offering a “Save Now, Buy Later” model, aiming to provide a responsible alternative to the widely used “Buy Now, Pay Later” systems.

This recent funding round was supported by both new and existing investors. With a user base already exceeding 150,000 account holders, thanks to a partnership with Vereinigte Volksbank Raiffeisenbank eG (VVRB), Monkee is set on a rapid expansion path.

At its core, Monkee is dedicated to changing how people think about and manage their finances. The app encourages users to save with purpose, offering a gamified experience that makes saving money both fun and rewarding. Collaborating with over 500 commerce partners, Monkee offers attractive cashback opportunities, helping users achieve their financial goals more quickly. With more than 300,000 app downloads and savings goals surpassing €250m, it’s clear that Monkee is addressing a vital need for a shift in personal finance paradigms.

The new infusion of capital will be used to fuel further growth and expansion. This includes bolstering Monkee’s product offerings, particularly in the realm of long-term savings, and enhancing customer trust through the partnership with a reputable banking partner like VVRB.

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