The startup states that small to medium-sized businesses spend on average 15 hours per week or 19% of their time in total doing financial admin tasks.
Monite aims to solve this problem and combines accounting and admin tools in one platform.Monite connects to the company’s bank accounts, in order to invoice clients, manage employee expenses, handle incoming bills, and complete accounting right within the system.
Planning to launch the platform later this year, the team now opens a waitlist on its website. With the announced funding round Monite will improve the platform and open new product lines by the end of 2021.
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