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Monito's mission is to help you save on transfer fees and exchange rates

Monito is an award-winning digital start-up on a mission to save the world US$28 billion in excessive money transfer fees and bad exchange rates paid each year!

We're building the Booking.com for money transfers. We help people sending money abroad find, compare and review money transfer providers in real-time.

How Monito can save you money

You shop around before booking a flight or a hotel room so you can get the best value for you money, right? The same is true for money transfers: if you compare your options before making an international transfer, you can save money.

When you launch a comparison, we fetch the fees and exchange rates of all available providers to help you find the best option for your transfer. You can save up to 90% in comparison with your bank or the most expensive providers.

Launch a comparison now and see for yourself

Monito's story

We founded Monito to tackle the excessive costs of transferring money across borders. Our three founders, François, Laurent and Pascal, were personally confronted with this issue in different ways.

They first encountered high fees when they started sending money to Cameroon to fund the nonprofit organization they created as kids. We soon discovered that our frustration was shared by millions of people around the world in different situations, from migrants to digital nomads.

Read more about the founders
With the support of

An award winning start-up

Best Swiss Startup 2018 - Prix Strategis

Best Swiss Fintech Pitch 2017 - Venture Leaders Fintech, New York

Jury's award 2016 - PERL (Prix pour l'Entrepreneuriat Région Lausanne)

Top 20 European Fintech Startups 2016 - TechTour

Social Impact Award 2014 - Impact Hub Zurich

Why you can trust Monito

A simple idea to solve a complex problem

Every year, millions of people around the world send billions of dollars back home to support their families. However, a significant share of this money never reaches its recipients due to hefty transfer costs. Indeed, for every $100 sent, a recipient will only receive $92 on average according to the World Bank.

Average cost of sending money to different part of the world

But if everyone was using the cheapest available provider, we estimate that $28 billion could be saved each year in transfer fees and bad exchange rates.

How it all started

In February 2013, Monito's founders François, Laurent and Pascal attended a Startup Weekend in Lausanne, Switzerland. Our goal? To come up with a solution to the excessive fees levied on remittances. We quickly identified that the root of the problem was a lack of information, transparency, and awareness of the issue of hidden fees. Six months later, we launched Monito, a simple website allowing users to compare many different money transfer services at a glance.

The very next day, journalists started calling us with requests for interviews. Our website had struck a chord, as the problem we were trying to solve was huge in both numbers and importance for many different people. This sudden media attention kickstarted the website’s growth, with an increasing number of users coming to the website and more and more providers compared. This encouraged us to keep on working on the platform to make it more useful and easy to use.

In the summer of 2014, having won a few startup competitions and with our revenues (and expenses!) starting to rise, we decided to take a leap of faith into the unknown. We created a company and dedicated ourselves to the project full time. We continued to develop features to help our users make smarter decisions when sending money abroad, including the production of in-depth text and video reviews of various providers. In August 2016, exactly three years after the release of TawiPay, we decided to change the website’s name to Monito.

What lies ahead? We don’t know, but one thing’s for sure: we stay firmly committed to our mission of empowering our users to triumph over unfair transfer fees for the better.

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe. Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

Learn More About Monito
  • Monito is Trusted by 15+ Millions Users across the globe.

  • Monito's experts spend hours researching and testing services so that you don't have to.

  • Our recommendations are always unbiased and independent.

Monito.com

Global Impact Finance Ltd
Avenue de Montchoisi 35
1006 Lausanne
Switzerland

Affiliate Disclosure
Instead of banner ads and paywalls, Monito makes money through affiliate links to the various payment service providers featured on our website. While we work hard to scout the market for the best deals, we're unable to consider every possible product available to you. Our extensive range of trusted affiliate partners enables us to make detailed, unbiased, and solution-driven recommendations for all types of consumer questions and problems. This allows us to match our users with the right providers to suit their needs and, in doing so, match our providers with new customers, creating a win-win for everybody involved. However, while some links on Monito may indeed earn us a commission, this fact never impacts the independence and integrity of our opinions, recommendations, and evaluations.