Monnai, a global identity and risk data infrastructure company, has raised $12 million in an equity funding round led by Motive Partners, as it scales a platform designed to power real-time identity verification, fraud prevention, and credit decisioning for financial institutions and digital businesses. The round included participation from existing investors Commerce Ventures and 500 Global. Monnai said it has raised more than $23 million in total funding since launching in August 2021.
Monnai plans to use the new capital to accelerate adoption of its identity and risk data infrastructure, which it says is already live across four continents and allows customers to deploy in new markets in days rather than months. The company highlighted ultra-low-latency risk signals, built-in back-testing, and enterprise-grade observability aimed at helping customers measure model performance, monitor data quality, and optimize decisioning at scale.
The company said the investment will support expanded global coverage—particularly in Europe and Latin America—along with improvements to data effectiveness and response times and continued investment in core infrastructure. Monnai also expects to hire across engineering, data, and go-to-market functions over the next 12 to 18 months.
Since its Series A in 2023, Monnai said it has expanded its footprint across the U.S., Latin America, Europe, and Asia. The company reported that it processes tens of millions of transactions per month, delivers decisioning latency of under 500 milliseconds, and enables localized deployments through “hyperlocal” infrastructure spanning four continents.
Monnai said it entered 2026 with strong operating momentum, including profitability in 2025 and fivefold year-over-year revenue growth based on internal results. The company also reported net revenue retention approaching 200%, attributing the performance to deeper customer adoption as its data layer becomes embedded in core identity, fraud, and risk workflows.
The company positions its platform as an extension of internal risk and fraud teams, translating data signals into outcomes such as higher onboarding acceptance, reduced defaults and churn, and improved model accuracy. As more onboarding and decisioning systems incorporate AI-driven models, Monnai is betting that demand will grow for high-fidelity data foundations that can operate reliably across markets in real time.
Monnai is headquartered in Los Angeles and provides identity and risk data infrastructure for onboarding, fraud prevention, and credit risk, with a focus on low-latency delivery and observability for enterprise-scale decisioning systems.
KEY QUOTES:
“While risk models and AI-driven decisioning continue to advance, their effectiveness is fundamentally constrained by the quality of the data behind them. Monnai exists to change that. Our mission is to become the trusted global data infrastructure for identity and risk, delivering the accuracy, latency, and observability required to power real-time decisioning at scale. With this funding, we will accelerate our ability to deliver high-quality identity and risk insights across billions of identities, while expanding local coverage and improving performance across key markets in Europe and Latin America.”
Pierre Demarche, Co-Founder and CEO, Monnai
“Monnai is building a critical foundational layer for the global financial services industry. Through combining hundreds of hard to access data sets with AI driven intelligence Monnai is becoming the go-to identity decisioning partner for global platforms. As AI enables accelerated software development cycles, we see increasing demand for high-fidelity data and growing value and differentiation in the complex underlying data infrastructure that powers the application layer. Already emerging as a leader and with a highly experienced team and rapidly scaling platform, we see Monnai benefiting from a reinforcing flywheel of expanding data access, strengthening proprietary signals and a growing global customer base to deliver ever increasing product quality, customer value and a highly defensible and unique global data platform.”
Thomas Harris, Principal, Ventures, Motive Partners
