Tamedia this week announced the expansion of its fintech portfolio by investing in Monito, a startup that operates a comparison website for international money transfer services.
Tamedia says cross-border and cross-currency money transfers incur high fees, often hidden to an untrained eye. Monito helps individuals and businesses find, compare and review the best money transfer provider for their needs out of the hundreds of available options across more than 190 countries.
Monito’s registered office is located in Lausanne, and the company currently employs 7 staff members.
Google Earth view of Monito’s HQ in Switzerland
“Following our investment in the blockchain-based Lykke marketplace, Monito is another addition to our fintech portfolio. As a company, we intend to learn more in this area, and I’m already looking forward to exchanging ideas with the highly experienced Monito start-up team.”
Samuel Hügli, Member of the Executive Management and Head of the Technology & Ventures Division at Tamedia