Monoova have won two awards at the 9th Annual Finnies 2025 - Best Innovation in Payments and Excellence in Industry Collaboration & Partnerships. It's the 2nd year in a row that we've won Best Innovation in Payments (previously named Excellence in Payments), a testament to our continous innovation in the payments space and the impact it has across the ecosystem and various industries.
Hosted by Fintech Australia, The Finnie Awards celebrate the best of Australian FinTech, recognising the innovation, impact, and achievements of the sector each year.

Excellence in Industry Collaboration & Partnerships - Monoova and carsales
This award recognises an exemplary collaboration or partnership between at least one fintech and one or more other organisations delivering innovation that assists retail investors, companies/institutions or consumers through an innovative fintech platform or functionality or through knowledge-sharing. The partnership could be between two Australian companies or an Australian fintech and international partner, but must show opportunity to scale.
This award aims to celebrate companies that are willing to work together to drive the cultural and economic success of the fintech ecosystem.
We were proud to win his award with the team at carsales for our collaboration together on delivering an industry leading payment solution, ‘Pay through carsales’. This was designed to transform the way Australians buy and sell vehicles privately, offering a secure, real-time settlement solution that holds funds securely until both parties confirm the transaction is ready to proceed. Since launching, the solution has seen rapid adoption, with over $30 million in payments processed in its first four months.
Monoova’s deep technical and regulatory expertise was critical to developing a seamless and secure payment experience.
Key capabilities provided include:
- Onboarding: The validation of NPP-enabled accounts with a penny test
- Ledger Account: Monoova built a dedicated ledger feature for the platform, enabling buyers to track balances and transactions
- Unique Account Numbers: Buyers receive a unique BSB and account number for secure fund transfers
- Real-Time Disbursement: The instant transfer of funds upon vehicle handover, ensuring smooth settlements
- Customer Support: Proactive and responsive assistance to resolve high-value transaction issues
By integrating Monoova’s payment infrastructure, carsales has redefined the standard for secure, private vehicle transactions in Australia making transactions faster, safer, and simpler than ever before.
Watch the video with Nicholas van den Brink, Head of Product, New Ventures at CAR Group, on why carsales choose Monoova as their preferred payments partner, and the powerful capabilities that are driving real value for customers.

Best Innovation in Payments
This award recognises the fintech payments provider that has delivered the most innovative, efficient and secure payment service solution as experienced by their clients transacting across a wide range of use cases and/or geographic locations.
Receiving this award for the second consecutive year (tied with sniip) is a testament to our commitment towards innovation in payments and achieving the vision on delivering tangible value to clients across multiple industries.As one of Australia’s leading Payment Service Providers (PSP), Monoova offers an API-driven platform that brings together the best of both modern and traditional payment infrastructure. From real-time payment capabilities like NPP, PayID and PayTo alongside traditional payment types such as Direct Debit, BPAY, cards and cross-border transfers, our all-in-one solution enables businesses to streamline their payment operations, enhance security, and improve efficiency at scale.
In addition, Monoova enables automated reconciliation in real-time with the ability to set up customisable rules to allow businesses to reject unwanted payments, ensuring accuracy and eliminating mistaken deposits. Our Real-Time Ledger which was instrumental in our collaboration to deliver a game-changing payments solution with carsales, provides real-time balance tracking and statements at scale, making complex payment workflows more transparent and reducing operational costs for businesses. We also offer the ability for real-time refunds and payouts so customers no longer wait days for refunds or withdrawals, boosting satisfaction and trust.
Monoova’s innovation in payments are transforming operations for business across multiple industries enabling faster, safer, and frictionless financial transactions. Through delivering greater transparency and customer-friendly experiences, we’re playing a key role in building the future of Australia’s financial ecosystem.
