Monito raises $2.5 Million led by Tamedia to boost global expansion

Advertiser disclosure

Lausanne, 19 December 2018 – Monito, the Lausanne-based comparison website for international money transfer services, has raised US $2.5 million in Series A financing led by Tamedia, Switzerland’s  leading private media group. B&Y Venture Partners, Silicon Valley-based serial fintech entrepreneur Alexandre Gonthier as well as historic investors also participated in this round.

Monito helps individuals and businesses find, compare and review the best money transfer provider for their needs out of the hundreds of available options across more than 190 countries. The comparison website has already been used by millions of people from all over the world and currently employs about 7 staff members.

François Briod, co-founder and CEO of Monito: “We’re extremely grateful and excited by the support received from historic investors, and are looking forward to welcoming new investors joining us on our journey to make the money transfer industry more transparent for the better. We’re very much looking forward to collaborating with Tamedia, and  – among other things – benefitting from their strong expertise in digital marketing and growing online marketplaces. ”

The company intends to use these funds to extend its international audience and raise more awareness regarding the huge potential savings of comparing money transfer fees. Monito will start hiring new software engineers, designers and digital marketers to complement its current team and boost its expansion.  

Samuel Hügli, Member of the Management Board and Head of the Technology & Ventures Division at Tamedia: “Following our investment in the blockchain-based Lykke marketplace, Monito is another addition to our fintech portfolio. As a company, we intend to learn more in this area, and I'm already looking forward to exchanging ideas with the highly experienced Monito start-up team.”

Monito founders François Briod, Laurent Oberholzer and Pascal Briod.

About Monito

Monito helps people find, review and compare money transfer providers. Monito lists and compares over 400 money transfer providers across more than 190 countries. They rank money transfer services based on their cost, speed, pay-out method, trustworthiness and more.



François Briod, CEO & Co-founder at Monito

+41 76 221 50 70,

About Tamedia

Tamedia is the leading private media group in Switzerland. The digital platforms, daily and weekly newspapers and magazines of Tamedia offer overview, classification and selection. The company was founded in 1893 and employs a staff of approximately 3,700 in Switzerland, Austria, Denmark, France, Germany, Israel, Luxembourg and Serbia. It has been traded at the Swiss stock exchange since 2000.

Further information for media representatives about Tamedia:


Simon Marquard, Digital Communication Manager Tamedia

+41 44 248 41 94,

Team Monito

Make an impact from day one

Monito is hiring new software engineers, designers, content writers and digital marketers to complement its current team and boost its expansion.

See open positions

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+ million 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.

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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.