Tamedia invests in the Monito money transfer comparison site
Zurich, 19 December 2018 – Tamedia is expanding its fintech portfolio by investing in Monito, a startup that operates a comparison website for international money transfer services. 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.
Samuel Hügli, Member of the Executive Management and Head of the Technology & Ventures Division at Tamedia: “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.”
François Briod, co-founder and CEO of Monito: “In a globalized and digitalized world, more and more cross-border money transfers are being made. At Monito, our mission is to help make global money transfers as seamless, quick and low cost as possible. We very much look forward to collaborating with Tamedia, and – among other things – benefitting from their strong expertise in digital marketing and growing online marketplaces.”