Monkee, an Austrian fintech startup, is revolutionizing personal finance with its "Save Now Buy Later" approach, securing a seven-figure investment to expand its user base now over 150,000 through a partnership with Vereinigte Volksbank Raiffeisenbank eG. Unlike the "Buy Now, Pay Later" trend, Monkee promotes saving before spending, with its app downloaded 300,000 times and users setting savings goals totaling over €250 million. The company's gamified savings model is supported by cashback deals from 500+ commerce partners, making saving for goals more rewarding. This recent financial boost, adding to the €2.5 million previously raised, and the partnership with a reputable bank, positions Monkee for further growth, offering users a more robust platform for long-term financial planning.
Read the full article here.