Monfi
“Can a Labuan-licensed offshore digital bank build cross-border consumer banking plus embedded crypto trading for internationally-mobile customers?”
HQLabuan, Malaysia
IndustryFintech / Neobank
The story
Monfi Digital Bank is a Labuan FSA-licensed digital bank (license 230148DB) operating from Malaysia with a London representative office. It offers multi-currency accounts, card management, and digital asset trading targeting an international audience seeking offshore digital banking. The company positions itself as a full-fledged digital bank though its public disclosures reveal little about its underlying infrastructure or partner banks.
Last 12 months
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Product timeline
2023
Terms and Conditions governing banking accounts effective 03.03.2023, indicating banking operations launch· banking
Regulated entities
1
regulatory licence held by Monfi
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Monfi’s embedded-finance stack
Banking / BaaS
Monfi Digital Bank Ltd. (in-house)
Card network
in the full report
Lending
in the full report
Accounting gap: significant
7 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.