Seed · Payments & Banking · Cambridge, United Kingdom · Founded 2020 · 51–200 employees
Monavate operates an API-first payments-as-a-service platform that simplifies card-issuing, payment processing, and BIN sponsorship. The company acts as a regulated electronic money institution serving clients across Web3, travel, insurance, and fintech sectors. In March 2021, the firm secured a 5 million GBP seed funding round from an undisclosed major US institutional investor. Following a corporate restructuring under W3C Corp, the business was acquired by Exodus Movement in May 2026 for over 76 million USD.