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Monoova

“Can a single API-first payments infrastructure provider become the complete payments operating system for Australian businesses — handling domestic rails, virtual accounts, ledger management, FX, and open banking in one platform?”

Founded2017
HQSydney, New South Wales, Australia
IndustryInfrastructure / Payments
The story

Founded in 2017 as a B2B payments infrastructure company in Australia, Monoova built its core around API-driven account-to-account payment rails including NPP/Osko, BPAY, Direct Credit and Direct Debit. The company evolved from a domestic payments provider into a more comprehensive payments operating system offering virtual accounts (mAccounts), ledger infrastructure, FX settlement via the FX Hub, and card payment capabilities. Its partnership with TrueLayer marks a strategic expansion into open banking-powered payment initiation in Australia, positioning Monoova as an embedded finance payments backbone for fintechs, lenders, insurers, and payroll providers.

Last 12 months
2024
2025-09
Product timeline
2017
Founded as a payments infrastructure company, providing API-based account-to-account payment solutions for Australian businesses.· pivot
2022
Awarded Fintech Organisation of the Year 2022; launched PayTo at scale as one of first providers on the New Payments Platform (NPP).· banking
2023
Launched Monoova FX Hub, integrating domestic AUD collections with international disbursements for cross-border payments.· banking
2024
Partnered with TrueLayer to launch data-enabled payments in Australia, integrating open banking capabilities.· banking
2025
Partnered with Brolly (peer-to-peer lending platform) to power community-driven lending payment flows using Managed Ledger and PayTo.· banking
Regulated entities
AFSL (Australian Financial Services Licence)
Australia (ASIC)
Monoova Global Payments Pty Ltd ACN 106 249 852
The stack
Payments / PSP
Monoova Payments (self-operated)
Open banking
TrueLayer
Accounting gap: minor