Monto was founded by Andres Quintanilla, Karina Derbez in 2020.

Who are Monto's investors?

Monto's investors include Blue Zone Ventures, Gaingels, Sprint Vc, VentureSouq, Y Combinator, Emles Advisors, Goodwater Capital, Harvard Management Company and 1 more.

How much funding has Monto raised?

Monto has disclosed $9M raised across 1 of its 2 known rounds.

Where is Monto headquartered?

Monto is headquartered in Monterrey, MX.

Monto

YC S21

Monterrey, MX · Founded 2020 · 13 employees · 9 known investors

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Monto offers a modular benefits platform designed for companies to provide employee benefits with configurable options, integrated payroll deductions, and automated administration across organizations of any size.

Also known as Monto Holdings Limited

Fintech HR Tech SaaS B2BMexicoLatin AmericaFully Remote

Founders & leadership· Y Combinator alumni (S21)

Monto was founded in 2020 by Andres Quintanilla and Karina Derbez.

Andres Quintanilla FounderAndres Quintanilla previously worked at Goldman Sachs and is now building Monto, a fintech company.

Karina Derbez FounderKarina worked as a software engineer at Microsoft.

Gabriel WertheimerFounder

Maya CohenFounder

Nitsan YerushalmiFounder

Pernille Lydia SørensenFounder

Yoav ShotlandFounder

Camila MaderoBusiness Development

Investors · 9

Blue Zone Ventureslisted by Blue Zone Ventures

How we know: Blue Zone Ventures's portfolio page · Not right? Tell us

Gaingelslisted by GaingelsNew York · $200K – $500K

How we know: gaingels.com · Not right? Tell us

Sprint Vclisted by Sprint VcBangalore

VentureSouqlisted by VentureSouqAbu Dhabi · $100K – $10M

How we know: Y Combinator's founder network · venturesouq.com · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us

Emles Advisorsreported

How we know: Y Combinator's founder network · Not right? Tell us

Goodwater CapitalreportedBurlingame · $5M – $50M

How we know: Y Combinator's founder network · Not right? Tell us

Harvard Management CompanyreportedAllston

How we know: Y Combinator's founder network · Not right? Tell us

Scale Venture PartnersreportedFoster City · $5M – $50M

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

Funding

SEC filings, press & company announcements

$9M disclosed across 1 of 2 rounds · 2024

$9MSeedJul 2024 · 3 sources
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

Related companies · 8

Minuminu offers a workplace benefits platform for companies in Mexico, letting HR teams activate over 50 employee benefits such as on-demand salary (earned wage access), savings, food vouchers, loans, telemedicine, and financial education. Employees access the benefits through a mobile app while employers manage plans via a web platform, aimed at improving talent retention and financial wellbeing.

SalaryBookSalaryBook provides a mobile application that handles payroll processing, employee attendance tracking, and expense management for Indian small and medium-sized businesses. The platform also enables blue-collar workers to build online credit and skills profiles.

Kapital BankKapital is a financial services platform offering digital banking, payment processing, and investment products in Mexico. The platform enables users to manage accounts, transfer funds, pay bills, and invest in financial instruments like Pagaré and CEDES through a mobile app.

ConcourseConcourse is a platform that builds and deploys AI agents for enterprise finance teams, covering FP&A, accounting, treasury, and data functions. It connects to existing finance systems and delivers outputs through tools like Excel, Slack, Teams, and PowerPoint, with enterprise security and AI governance features.

Worky Worky WorkyWorky is a payroll and human resources management platform for Mexican companies that automates the calculation, legal filing, and distribution of employee payments in real time, while managing workforce operations from hiring through payroll processing.

SantéSanté builds a point-of-sale system designed specifically for liquor retail stores. The software helps liquor business operators modernize their store management and operations.

RankmiRankmi offers HR software for managing and paying global teams, including employees, freelancers, and international talent across different currencies, from a single platform. Its payroll product targets companies with distributed and cross-border workforces.

ForwardForward packages borrower financials and loan requests into structured, lender-ready credit opportunities, presenting deal terms such as facility size, tenor, pricing, and covenants. It serves lenders and borrowers involved in debt financing and commercial lending.

Companies working in the same space as Monto.

Legal entities · 1

corporate structure

Monto Holdings Limited

Frequently asked questions

What does Monto do?: Monto offers a modular benefits platform designed for companies to provide employee benefits with configurable options, integrated payroll deductions, and automated administration across organizations of any size.
Who founded Monto?: Monto was founded by Andres Quintanilla, Karina Derbez in 2020.
Who are Monto's investors?: Monto's investors include Blue Zone Ventures, Gaingels, Sprint Vc, VentureSouq, Y Combinator, Emles Advisors, Goodwater Capital, Harvard Management Company and 1 more.
How much funding has Monto raised?: Monto has disclosed $9M raised across 1 of its 2 known rounds.
Where is Monto headquartered?: Monto is headquartered in Monterrey, MX.