Monva is a fintech using data & intelligent technology to personalise customer offers, revolutionising the price comparison experience. Monva launched in 2020 and has had 17k+ users. With a founding team from MoneySuperMarket.com & MBNA they're raising for further product development & to grow.
80% of UK Adults are not regular switchers. Existing price comparison websites (PCWs) have become known for gimmicks like meerkats & opera singers, but do they help users make important financial decisions or put people off using them altogether?
Research shows only 38% of people feel they can trust PCWs, so we thought it was time for a change. We're on a mission to make comparing & buying financial products & services as easy as possible.
Designed around the customer, Monva provides intelligent comparison services combining customer data with artificial intelligence & machine learning to provide a more personalised customer experience.
Our AI Chatbot ‘Mo’ helps our customers by saving time on completing searches, highlighting key information to assist in making switching decisions, & providing alerts to new automated offers.
Since our last raise we have:
- Hired a team who have worked for the likes of MoneySupermarket, PayBreak & The Hut group
- Launched our energy switching service, credit card service with eligibility check & our customer dashboard
- Built partnerships with Experian & Decision Tech & are developing commercial relationships with the likes of Nationwide, HSBC & M&S Bank
- Built an engaged user base of +17,000
Funds from this round will be used to continue building out our smart comparison technology, secure further commercial partnerships & grow our marketing activity.