Today Austrian fintech startup Monkee, a pioneer in the area of "Save Now Buy Later" raised a seven-figure investment and is expanding its reach to over 150,000 account holders through a partnership with Vereinigte Volksbank Raiffeisenbank eG.
Monkee stands as a testament to mindful financial management, offering an alternative to the prevalent "Buy Now, Pay Later" model. With 300,000 app downloads and savings goals surpassing €250 million, Monkee highlights a growing awareness and need for a shift in personal finance paradigms.
It gamifies savings plans, encouraging users to save with a clear purpose and consume wisely. Collaborating with over 500 commerce partners, Monkee provides attractive cashback opportunities, facilitating the quicker achievement of a users' financial aspirations.
This infusion of capital — the company has previously raised over €2.5 million — supported by new and existing investors, fuels Monkee's ambitions for further growth and expansion. The alliance with VVRB strengthens Monkee's product offering, particularly for long-term savings, and bolsters customer trust through a reputable banking partner.
Lead image: Photo uncredited.
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