Monemon

Monemon is a consumer app that sets a daily spending budget from a user's monthly income and fixed costs. Users get an account with a Mastercard debit card, usable with Apple Pay and Google Pay. Its money coach, Mo, shows what is left for the day and lets users move unspent amounts into savings with one tap.

The customers are individuals who manage everyday spending and want to build a savings cushion. The app is published on the Apple App Store and Google Play. Monemon AS is an e-money institution supervised by the Estonian Financial Supervision and Resolution Authority (Finantsinspektsioon), and customer funds are kept in safeguarded accounts separate from the company's own funds.

Monemon AS was registered in Estonia in 2022, and its headquarters are in Tallinn. The website states that work on the concept started in 2020. The company was founded by Markus Lutsokert, and its team is listed across business development, finance, operations, product, compliance and technology.

Product: Monemon app: daily budget, e-money account with Mastercard debit card, Apple Pay and Google Pay, and the Mo money coach with one-tap savings.