Estonia · Payments & e-money
Monemon AS
Monemon AS is an Estonian public limited company based in Tallinn. On 9 October 2023, the Estonian Financial Supervision and Resolution Authority (Finantsinspektsioon) authorised it as an electronic money institution under licence 4.1-1/105. Monemon Group OÜ is listed as its sole shareholder. Under the Monemon brand it offers consumers in the European Economic Area (EEA) an app-based euro payment account with an IBAN and a Mastercard debit card, which it issues itself as a Mastercard principal issuer. The app also includes budgeting and saving tools, which the firm describes as aimed at Gen-Z.
Licences and registrations
Held by Monemon AS (LEI 984500I6CF3C8BC0C913). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| EBA PSD2 RegisterEstonian Financial Supervision AuthorityLinked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Electronic money institutionE-Money / Stored Value Institution | 16573117 | Estonia | Active | 2023-10-09 | — |
|
Search the register ↗ |
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- MOMNEE22XXX head office
- Connection to Swift
- Reverse billingThe institution is connected to Swift. Messages sent to it are billed to the institution, not to the sender. The “2” in the eighth character of MOMNEE22 marks reverse billing.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- SCT · SCT Inst · VOP · TIPS
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2024-01-06
- Last updated
- 2024-12-07
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Group subsidiary
100% Monemon Group OÜ
Firm type
E-money and accounts
Trades as Monemon
- Standing
- On 29 September 2026 the Estonian e-Business Register showed a flag stating that a deletion notice concerning the company had been published in Ametlikud Teadaanded (Official Announcements). The date and content of that notice could not be confirmed. The firm filed its 2025 annual report on 30 June 2026 and its website and licence remain live.
- Ownership
- The Estonian e-Business Register lists Monemon Group OÜ (registry code 16017793) as the holder of the firm's entire EUR 352,500 share capital, citing the Estonian Central Register of Securities.
- Direct parent
- Monemon Group OÜ, Estonia 100%
- Head office
- Telliskivi tn 60a/8, 10412 Tallinn, Estonia
- Company register
- Estonian e-Business Register 16573117
- Incorporated
- 13 Sep 2022
- Founder
- Markus Lutsokert
Online
- Websites & references
- monemon.com ↗
help.monemon.com ↗ help centre
Wikidata Q141409609 ↗ - Official social accounts
- LinkedIn ↗ · Instagram ↗
- Apps
- App Store ↗ · Google Play ↗
Sources · 10 pages consulted
- ariregister.rik.ee/eng/company/16573117/Monemon-AS
- fi.ee/en/payment-services/payment-services/e-money-institutions/estonian-e-money-institutions/m
- fi.ee/en/news/monemon-was-granted-authorisation-e-money-institution
- monemon.com/
- monemon.com/legal/corporate
- monemon.com/legal/service-rules
- monemon.com/about
- monemon.com/company
- help.monemon.com/support/solutions/articles/203000013679-keeping-your-money-safe
- lb.lt/en/sfi-financial-market-participants/monemon-as
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
Finantsinspektsioon authorises the firm as an electronic money institution under licence 4.1-1/105. The firm states that in October 2024 it was authorised to provide services cross-border in all EEA countries, and its licence page lists 29 host states.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Estonian Financial Supervision and Resolution Authority (Finantsinspektsioon) Estonia | Authorisation to operate as an e-money institution | 4.1-1/105 | In its own name | Active | fi.ee ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm states that e-money it issues is backed 1:1 by euro funds held in a separate safeguarding account, apart from its own assets, and that balances are not covered by a deposit guarantee scheme.
- Payment schemes and card networks
- Mastercard Direct monemon.com ↗
EBA Clearing STEP2 (SEPA Credit Transfer) Through a partner monemon.com ↗
SEPA Instant Credit Transfer Through a partner monemon.com ↗
TARGET Instant Payment Settlement (TIPS) Through a partner monemon.com ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
It offers individual EEA residents aged 18 or over a euro e-money payment account with an IBAN, SEPA and instant euro transfers, and a Mastercard debit card, alongside budgeting and saving features in its app.
The firm launched in Estonia in January 2025. Its service rules accept residents of any EEA country where it may provide services under its Estonian licence.
- Revenue
- EUR 43,669
- Sells to
- Consumers
- Serves customers in
- Estonia
- Latest funding round
- pre-license seed · EUR 1m Jul 2023
- Total raised
- EUR 2m to Jul 2023 · monemon.com ↗
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Markus Lutsokert
CEO
- Chair
- Madis Toomsalu Chairman of the Supervisory Board
- Chief financial officer
- Sven Raba CFO; Management Board member
- Executive
-
Dmitry Kuravkin
CRO
- Executive
- Hendrik Rannamets CPO; Management Board member
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
Madis Toomsalu became chairman of the firm's supervisory board, according to the Estonian e-Business Register.
ariregister.rik.ee ↗ -
Leadership
Chief executive Markus Lutsokert joined the firm's supervisory board, according to the Estonian e-Business Register.
ariregister.rik.ee ↗ -
Licence
Finantsinspektsioon authorised the firm to provide cross-border services in all EEA countries, according to the firm.
monemon.com ↗ -
Other
The firm issued its first debit card as a Mastercard principal issuer, according to its company timeline.
monemon.com ↗ -
Other
The firm became an indirect participant in STEP2, SEPA Instant and TIPS euro payment schemes, according to its company timeline.
monemon.com ↗ -
Licence
Finantsinspektsioon authorised Monemon AS as an electronic money institution on 9 October 2023.
fi.ee ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- MOMNEE22XXX
- How the BIC breaks down
- MOMNBank
- EECountry · Estonia
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 984500I6CF3C8BC0C913
- LEI record
- View on GLEIF ↗
- Licence no. · EBA-PSD2
- 16573117
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entry: Matched by Elucidate to GLEIF on name, country and address.
- Register-entry ID
- 88212db69020
- National bank code
- IBAN tunnuskood (bank code) 11
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 1 entry on 1 register
- Activities
- Payment services
- Card acquiring
- Payment initiation
- Account information
- E-money / stored value
- Licensed in
- Estonia
- Country · region
- Estonia · Europe & Central Asia
- Banking supervision
- Not on the ECB's list of supervised entities as of 2026-07-01
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
- Founded
- 2022
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- TELLISKIVI TN 60A-8 FLOOR 8 TALLINN 10412 ESTONIA
- Operational address
- TELLISKIVI TN 60A-8 FLOOR 8 TALLINN 10412 TALLINN ESTONIA
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>MOMNEE22XXX</BICFI>
<LEI>984500I6CF3C8BC0C913</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>MOMNEE22XXX</BICFI>
<LEI>984500I6CF3C8BC0C913</LEI>
<Nm>MONEMON AS</Nm>
<PstlAdr>
<TwnNm>TALLINN</TwnNm>
<Ctry>EE</Ctry>
<AdrLine>TELLISKIVI TN 60A-8 FLOOR 8 TALLINN 10412</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Payment schemes and systems
EPC registers of 2026-09-11 · ECB T2 list of 2026-07-02 · ECB TIPS list of 2026-09-01 · SIX Bank Master valid on 2026-09-28
| Scheme or system | Since | Registered with | Note |
|---|---|---|---|
| SEPA Credit TransferISO 20022 messages | 2024-03-04 | Head office | — |
| SEPA Instant Credit TransferISO 20022 messages | 2024-03-04 | Head office | — |
| Verification of Payee | 2025-09-26 | Head office | — |
| TIPS (TARGET Instant Payment Settlement)ISO 20022 messages | — | Head office | — |
SEPA dates are when the institution became ready for the scheme. TIPS entries have no joining date.
An institution missing from T2 may still be reachable through an indirect participant. The ECB’s TIPS list does not separate participants from reachable parties. It includes institutions reachable in Swedish kronor as well as in euro.
“ISO 20022 messages” marks a scheme or system whose rulebook or operator specifies ISO 20022 for messages between participants.
National bank codes
IBAN tunnuskood (bank code) · Estonia
1 code
| Code | Routes to BIC | Name in the national file |
|---|---|---|
| 11 | MOMNEE22 | Monemon AS |
Each code shows the name in the national file. Smaller banks often route through a central institution’s BIC. A code can therefore belong to a different bank than the one on this page.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Payment schemes and systems—Source: European Payments Council (EPC) Registers of Participants; matched to BICs by Elucidate. Source: European Central Bank, List of TIPS participants and reachable parties.
- Wikidata—CC0, matched on the BIC or LEI recorded in Wikidata. It is community-edited, so check key facts.
- National bank codes—Estonia (Source: Eesti Pangaliit (Estonian Banking Association)).
- EBA PSD2 Register—European Banking Authority (EBA) · register ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: monemon.com (official website) · original; Markus Lutsokert: monemon.com (official website) · original; Dmitry Kuravkin: monemon.com (official website) · original.
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