Austrian fintech startup Monkee has recently secured a new seven-figure investment for its “Save Now Buy Later” approach. This move aims to expand Monkee’s influence beyond its current base of 150,000 account holders through a partnership with Vereinigte Volksbank Raiffeisenbank eG.
Monkee challenges the conventional “Buy Now, Pay Later” trend by promoting mindful financial management, underlined by its impressive 300,000 app downloads and savings goals that have surpassed €250 million.
The platform gamifies saving, encouraging users to set and pursue clear financial goals while offering cashback opportunities through over 500 commerce partners.Â
This latest round of funding, building on the previous €2.5 million raised, is set to fuel Monkee’s expansion and product enhancement. The alliance with VVRB not only strengthens Monkee’s offerings, especially in terms of long-term savings, but also reinforces customer trust through the backing of a reputable financial institution.
