Tamedia invests in the money transfer comparison portal Monito
Tamedia is expanding its fintech portfolio and investing in the start-up Monito, a comparison portal for international money transfer services.
Cross-border money transfers with different currencies can incur high fees, which are often not easy to see. Monito helps to find the best conditions for the respective transaction and the most suitable provider among several hundred providers from over 190 nations. The company is based in Lausanne and currently employs seven people.
Samuel Hügli, member of the Management Board and Head of Technology & Investments at Tamedia, said in a press release: "Following our investment in the blockchain-based marketplace Lykke, Monito is a further addition to our fintech portfolio. We want to continue to learn as a company in this area and I look forward to exchanging ideas with Monito's highly experienced start-up team."
François Briod, co-founder and CEO of Monito, says: "In our globalized and digitalized world, more and more cross-border money transfers are being made. With Monito, we want to make global money transfers as cheap, fast and easy as possible. We are very much looking forward to working with Tamedia and will be able to benefit from their expertise in digital marketing and the growth of online marketplaces, among other things."
