Montonio
“Can a Baltic open-banking checkout company become the full financial and logistics operating system for SMB e-commerce merchants across Estonia, Latvia, Lithuania, and Poland?”
Founded2018
HQTallinn, Estonia
Total raised$16.0M
IndustryVertical SaaS / E-commerce
The story
Founded in 2018 in Estonia, Montonio began as a checkout and payment initiation solution focused on Baltic e-commerce markets. The company expanded from open banking / PIS payments into card payments, BLIK (Poland), shipping logistics, and embedded BNPL/financing — becoming an all-in-one checkout-and-logistics platform for SMB online merchants. Its most recent moves include replacing Stripe with Adyen for card processing and launching revenue-based merchant financing, signaling a push toward becoming a merchant financial OS in the Baltics and Poland.
Last 12 months
Product timeline
2018
Montonio Finance OÜ founded in Tallinn, Estonia, focusing on checkout and payment solutions for Baltic e-commerce merchants.· pivot
2024
Montonio and Inbank announce exclusive partnership to offer BNPL and instalment payment services through Montonio's checkout in Estonia, with plans to expand to other markets.· lending
2025
Montonio migrates card payment processing from Stripe to Adyen starting November 2025.· banking
2025
Montonio launches Merchant Growth Financing in partnership with Softloans, offering revenue-based financing up to €100,000 for merchants.· lending
2025
Montonio partners with Episode Six to expand its open banking offering.· banking
Regulated entities
1
regulatory licence held by Montonio
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Montonio’s embedded-finance stack
Payments / PSP
AdyenMontonio Finance UAB (self-operated, payment initiation)
Lending
in the full report
Open banking
in the full report
Accounting gap: significant
4 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.