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Monkey

B2B marketplace for early invoice payments

Overview

Monkey Exchange is a Brazilian financial technology platform that enables suppliers to sell future receivables for early payment, connecting buyers (large companies) with their supplier network. It operates as a B2B marketplace for trade finance, charging a transaction fee. The platform helps suppliers improve cash flow and helps buyers strengthen supply chain financial health. It differentiates itself by focusing on a Brazil-based network and a marketplace model that links buyers with suppliers for receivables anticipation. The goal is to optimize working capital and provide accessible financing options in the supply chain.

Significant Headcount Growth

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About Monkey

Simplify's Rating
Why Monkey is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareFintechFinancial Services

Company Size

501-1,000

Company Stage

Series B

Total Funding

$18.8M

Headquarters

São Paulo, Brazil

Founded

2016

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Simplify's take

What believers are saying

  • Monkey joined FCI on 2026-07-21, expanding international distribution and credibility.
  • LD Celulose uses Monkey for supplier receivables, proving enterprise penetration in Brazil.
  • Monkey says it has transacted over R$100 billion, supporting liquidity and network effects.

What critics are saying

  • B3 can commoditize Monkey's workflow once duplicated rails standardize in 2027.
  • Large-company mandatory adoption starts July 2027, giving rivals one year to catch up.
  • If banks and registrars disintermediate Monkey, its marketplace loses fees and strategic relevance.

What makes Monkey unique

  • Monkey integrates with B3, CERC, and Núclea across Brazil's duplicata escritural rails.
  • Monkey connects 115-plus financial institutions, creating auction-style pricing for supplier invoices.
  • Monkey paired with B3 on Brazil's first book-entry trade-receivables transaction on 2026-08-19.

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Funding

Total Funding

$18.8M

Below

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
$45M
$65M
$100M

Benefits

  • Meal Benefits
  • Home Office Stipend
  • Health Insurance
  • Dental Insurance
  • Life Insurance
  • Wellness Program
  • Gym Membership
  • Parental Leave
  • Childcare Support
  • Professional Development Budget

Growth & Insights and Company News

6 month growth

2%

1 year growth

7%

2 year growth

8%
PYMNTS
Aug 4th, 2024
Monkey Exchange Raises $11M Funding

Brazilian online marketplace Monkey Exchange has raised $11 million in new funding. The financing comes as new regulations are expected to increase the market for “advance duplicates” fivefold, expanding the company's potential audience. The new rules will digitalize the process of using invoices as credit guarantees, broadening the market beyond Monkey Exchange's current customer ecosystem. This funding occurs amid strong demand for working capital from non-traditional providers like Block and PayPal.

OpenPR
Aug 2nd, 2024
DEG Invests $12M in Monkey Fintech

DEG has invested $12 million in Brazilian fintech Monkey, a leading working capital financing firm in Latin America. This Series B investment, led by L4 and supported by existing shareholders Kinea and Quona Capital, aims to enhance Monkey's product offerings, technological capabilities, and market reach. The partnership will help drive financial inclusion and expand credit offerings to SMEs, particularly in regions with inefficient banking systems.

Global Legal Chronicle
Jul 18th, 2024
Monkey Exchange’s R$67 Million Series B Financing

Bronstein, Zilberberg, Chueiri e Potenza Advogados advised Kinea Ventures on the deal.Monkey Exchange has just raised a round of BRL 67 million (USD 12 million) led…

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