Company Market Research Report: Monkey Tech

Company Overview

• Name: Monkey Tech

• Mission: To make the accounts receivable market more efficient by providing a marketplace for receivables of invoices and credit cards.

• Founded: June 2016

• Founders: Gustavo Muller, Bruno Oliveira, Felipe Adorno

• Key People:

• Bruno Oliveira: COO, has over 15 years of experience in Finance, Strategic Planning, and M&A.

• Gustavo Muller: CEO, with over 20 years of experience in the financial market, co-founder of Monkey.

• Felipe Adorno: CTO, with 15+ years of experience in Software Development and Project Management.

• Headquarters: Av. Brg. Faria Lima, 2092 - Pinheiros, São Paulo - SP 01451-001

• Number of Employees: No information is available

• Revenue: No information is available

• What it is known for: The largest marketplace of financial solutions in Latin America, specializing in accounts receivable solutions.

Products

• SupplyPlus, SalesPlus, SupplyBank, Caco, Spike: These are solutions designed to integrate businesses, suppliers, and financial institutions to facilitate the early receipt of invoices and credit card receivables.

Product Descriptions and Key Features

1. SupplyPlus

• Description: A financial platform offering solutions for receivables anticipation.

• Key Features: Optimal cash management, supportive for large enterprises and financial institutions.

2. SalesPlus

• Description: Facilitates the management and anticipation of sales invoices.

• Key Features: Enhances cash flow, tailored for enterprise financial processes.

3. SupplyBank

• Description: Offers customizable banking solutions for receivables.

• Key Features: White-label platform enabling banks to create customized receivable programs.

4. Caco

• Description: Aimed at managing and optimizing financial operations concerning receivables.

• Key Features: Streamlined financial workflows, integration with client's existing systems.

5. Spike

• Description: Dedicated platform for credit card receivables anticipation.

• Key Features: Integration with financial institutions, supports competitive financing rates.

Recent Developments

• New Markets and Expansion:

• The company has expanded its operations to the USA, Mexico, and Chile.

• Opened an office in Charlotte, North Carolina, as part of its internationalization strategy.

• Partnerships and Number of Institutions:

• Achieved a partnership network with 80 financial institutions including 7 of the largest Brazilian banks.

• Collaborated with B3, leveraging marketplace capabilities to expand receivable transactions.

• Investment Rounds and Financial Growth:

• Raised R$ 67 million in a Series B funding round led by the B3’s L4 venture fund.

• Predicted expansion with the upcoming implementation of the digitalized financial system known as duplicata escritural.

• Client Engagement and Market Role:

• Over 100 large companies are integrated into their system.

• Conducted more than R$ 100 billion in transactions through its platform since 2016.

• Provides significant transaction efficiency, offering up to 70% reduction in financial costs.

• Innovations:

• Enhanced receivable anticipation services through a blockchain-like secure ledger system, ensuring financial operations are digitally controlled and documented.

• Positioning for growth due to regulatory changes enhancing duplicata escritural (digital note management), expected to expand transaction volumes substantially.

The information encapsulated in this report reflects Monkey Tech's operational highlights, facilitating a comprehensive understanding of its market activities and positioning.