“Can a neutral marketplace disintermediate Brazil's concentrated receivables-finance market by making 100+ banks compete in real-time reverse auctions?”
Founded 2016 as a receivables-financing marketplace connecting Brazilian SMEs (suppliers), large corporate buyers (Petrobras, Fiat Chrysler), and 100+ financial institutions. Product suite has grown from supply-chain finance (risco sacado) into card-receivables anticipation (Spike Whitelabel), credit assignment (cessão de crédito), and digital duplicatas escriturais registered with Brazil's Central Bank. Positioned as neutral infrastructure — explicitly not a bank — offering white-label platforms to FIs and large corporates that want to run their own anticipation programs.
Monkey's lending and capital products are provided by Monkey (in-house marketplace).
Monkey integrates with ERP integrations (generic).
The Embedded Finance Index 2026 maps 2 layers in Monkey's stack: Lending (Monkey (in-house marketplace), Risco Sacado (reverse factoring / supply chain finance), Antecipação de recebíveis de notas fiscais (invoice discounting), Antecipação de recebíveis de cartão (card receivables anticipation) and 5 others); Accounting (ERP integrations (generic)).
Monkey was founded by Gustavo Müller, Bruno Oliveira and Felipe Adorno and is founded in 2016, headquartered in São Paulo, Brazil.
Monkey has raised ~$18M+ (disclosed) in total (latest round: Series B).
Get a read on where your own stack stands against Monkey and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.