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Monto: Redefining Financial Wellness with Salary on Demand

  • Monto, founded in 2020 by Andres Quintanilla and Karina Derbez, offers Salary on Demand, addressing financial stress in Mexico.
  • Allows employees to access earned wages before payday, reducing financial stress without changing existing processes.
  • Trusted by 50+ companies, raised $125K over two rounds, with investors like Goodwater Capital and Arrebol Capital.


In today's fast-paced world, financial stress is a common issue, especially in countries like Mexico, where 7 out of 10 people live from paycheck to paycheck. This financial strain not only affects individuals but also impacts businesses, with over 50% of companies facing challenges in filling their vacancies.

Amidst this backdrop, Monto, a 100% Mexican startup, is revolutionizing the concept of personal finance with its innovative approach.

The founding story:

Founded in 2020 by Andres Quintanilla, a fintech entrepreneur with experience at Goldman Sachs, and Karina Derbez, a former Microsoft software engineer, Monto aims to provide a solution that enhances the financial well-being of individuals and businesses alike.

The idea stemmed from Quintanilla and Derbez's realization of the serious financial problems faced by Mexicans.

The problem:

Financial stress is a prevalent issue in Mexico, with 75% of people either lacking a credit history or having a negative one. This, coupled with the fact that 2 out of 5 employees are absent from work due to financial issues, highlights the urgent need for innovative solutions like Monto.

The solution:

Monto's core offering is Salary on Demand, a platform that allows employees to access their earned wages before payday. This not only helps individuals manage their finances more effectively but also reduces financial stress, leading to increased job satisfaction.

The platform is available for employees of all salary levels and pay frequencies, with no requirements or changes to existing processes.

Benefits of Monto:

  • No requirements: Available for all salary levels and pay frequencies.
  • Easy to implement: No changes to processes, times, or payroll systems.
  • Zero cost: Monto assumes all costs and risks.
  • Flows do not change: The company only deducts withdrawals at the end of the payroll cycle.

Recognition and funding:

Monto's impact has been significant, with more than 50 companies already trusting the platform. The startup has also received recognition and funding, with a total of $125K raised in funding over two rounds, the latest being a Pre-Seed round on August 31, 2021, led by investors like Goodwater Capital and Arrebol Capital.


Monto is more than just a fintech startup; it's a beacon of hope for those seeking financial stability and freedom. Its innovative approach to personal finance management sets it apart from traditional financial institutions, making it a startup worth watching in the years to come.

The philosophy that you always have someone to lean on when you are willing to fall for something big and worthy is deeply ingrained in Monto's mission, making it a company with a purpose beyond profit.

Are you working on an innovative product? We would love to hear your story. Share it with us at [email protected]

Edited by Shruti Thapa