“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?”
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.
Monoova processes payments through Monoova Payments (self-operated).
Monoova connects to bank accounts through TrueLayer.
The Embedded Finance Index 2026 maps 2 layers in Monoova's stack: Payments / PSP (Monoova Payments (self-operated)); Open banking (TrueLayer).
Monoova is founded in 2017 and headquartered in Sydney, New South Wales, Australia.
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