Monite
“Can an embedded AR/AP-and-payments API become the financial back-office layer for every B2B SaaS, neobank, and vertical platform?”
Founded2020
HQBerlin, Germany (also London, UK)
FoundersIvan Maryasin, Andrey Korchak
Total raisedunknown
Latest roundSeed, 2023
Valuationunknown
IndustryInfrastructure / Embedded Finance
The story
Founded 2020 in Berlin as an embedded AR/AP infrastructure API for B2B platforms, neobanks, and vertical SaaS — letting them launch invoicing and bill pay in weeks rather than building it. Expanded the surface area to include payments orchestration, embedded invoice financing (via Kanmon, US-only), and AI expense management on top of partner-issued cards. Acquired by UK digital business bank OakNorth in March 2026 — pivot from independent platform to in-house product/engineering team behind OakNorth's business banking stack.
Product timeline
2020
Monite founded in Berlin by Ivan Maryasin and Andrey Korchak as embedded B2B payments / AR-AP infrastructure provider.· pivot
2023
Raised $5M seed for embedded B2B payments platform.· funding
2024
Expanded into US with invoice financing via Kanmon partnership.· lending
2025
Launched AI-powered Expense Management product for embedded corporate cards.· pivot
2026
Acquired by OakNorth Bank to expand its business banking capabilities.· acquisition
In the press
embeddedfinancereview.com ↗Coverage sourced from Embedded Finance Review — a content partner for this report. All articles are © their original authors; click any card to open the source.
The stack
3 layers disclosed in Monite’s embedded-finance stack
Payments / PSP
Monite Payments (self-operated orchestration)
Lending
in the full report
Accounting
in the full report
Accounting gap: minor
5 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.