Montonio, a Tallinn, Estonia-based all-in-one platform for online merchants to accept payments, offer financing, and handle the entire post-checkout experience from shipping to returns and refunds, raised €11 million in a Series A funding.
The round was led by Index Ventures, with participation from previous investors Tera Ventures, ffVC, and Superangel.
The company has also announced the launch of its offering in Poland, adding to its existing presence in Estonia, Latvia, and Lithuania, with plans to add further markets this year. To support this growth, Montonio aims to expand its team across Europe.
Julia Andre and Jan Hammer, Partners at Index Ventures, join the board.
Company: Montonio Finance
Raised: €11.0M
Round: Series A
Funding Month: April 2022
Lead Investors: Index Ventures
Additional Investors: Tera Ventures, ffVC, and Superangel
Company Website: https://montonio.com/
Software Category: Smart Check-out Solutions
About the Company: Montonio, is the all-in-one platform for online merchants to accept payments, offer financing and handle the entire post-checkout experience from shipping to returns and refunds. Montonio connects payment orchestration and payment initiation into a full checkout solution for European e-commerce stores. Montonio gives ecommerce merchants the ability to accept any form of online payments and manage all payment channels centrally through a single interface. Montonio offers both its own services such as affordable bank link payments, checkout financing, and installment plans as well as third-party solutions like Stripe for accepting card payments.
Source: https://montonio.com/blog/2022/04/12/montonio-raises-e11m-to-improve-payment-and-post-checkout-experience-of-online-merchants-as-thousands-of-retailers-sign-on/