Monite, a Berlin-based fintech specializing in finance automation for B2B platforms, has raised $6M in a round led by Peter Thiel-backed Valar Ventures, known for its investment in Xero and N26. The new round brings Monite’s total seed funding to $16M and aims to propel its expansion into the US market and enhance product development. With a focus on revolutionizing B2B payments through its API-first approach, Monite has seen significant growth, attracting the attention of strategic clients Capital on Tap and OpenSolar. 

Peter Thiel-backed Valar Ventures invests in $6M funding round of German fintech Monite, US expansion on cards