Leading end-to-end payments provider, Monoova has been awarded Best Fintech Payments Provider at the fifth annual Australian FinTech Awards.
Hosted on 19 November 2020, the Australian FinTech Awards recognise the entrepreneurial spirit and leadership of fintech businesses across more than 20 categories including payments, wealth management, superannuation, and consumer and business lending.
Commenting on Monoova’s win, Chief Executive Officer Christian Westerlind Wigstrom said, “We are delighted to be recognised as Australia’s best fintech payments provider, particularly among such strong competition in the payments category this year.
“Since launching over a year ago, we have been working hard to support our clients with innovative payments solutions that help them receive, manage and pay funds seamlessly and in real-time. This award is a testament to the efforts of the Monoova team, indicating that our solutions are resonating among our clients and the broader payments industry.
“A big congratulation to this year’s winners and finalists. Despite a challenging year, the future is certainly looking bright for fintechs.”
The Best Fintech Payments Provider category recognises an innovative product or service that adds value to the payment experience. The judges noted Monoova’s Automatcher as the only solution to give clients unique account numbers and customer PayIDs in real time, to associate with every single payer of theirs. Since rebranding in August last year, Monoova’s payments volumes have increased by 00%.
Monoova supports scaling businesses with large, and often complex, ongoing transaction flows to fully automate how they receive, manage and pay their funds through one simple API integration. Its proprietary platform allows businesses to access a variety of payments functions including NPP, comprehensive reconciliation and reporting options and entirely customised real-time data.
Monoova (formerly known as Moneytech Payments) was founded in 2017 and is a fully owned subsidiary of Moneytech Group. Since inception, Monoova has processed more than 5 billion dollars through its proprietary payments software.
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