Re-inventing Financial Comparison

We’re on a mission to reimagine how we compare and switch products and services by removing the friction involved in buying financial services and utility products. monva uses customer data for good and automates mundane tasks. Our next generation comparison platform helps users make smart decisions and connects users to the right deal, every time.

We’re calling an end to dumb comparison!

We are in an era of hyper-personalisation with demand for generation-now services to help with busy lives.

monva’s focus on smart data, journeys, service, retention, automation and partnerships enables customers to feel smart about making important financial decisions, and relieved that the hard yards are being done for them by monva, their money virtual assistant.

Monva-personalised credit card offers

Mo, your Money Virtual Assistant

mo, our AI chat bot smart assistant encourages immediate engagement, faster navigation and an end to endless forms! With the user’s permission, mo works behind the scenes bringing you new deals and offers based on your personal information and preferences. When you search for another product or service, we re-use the data we hold on you to make new quotes a breeze.

  • Smart Central Account – At monva, we store your quotes, new offers, renewal data, personal data and marketing preferences in an online account that you can access online or via mobile app
  • Smart technology – With the user’s permission, mo works behind the scenes bringing you new deals and offers based on your personal information and preferences
  • Smart results When searching for another product or service, we deploy machine learning and re-use the data we hold on you to make new quotes a breeze, along with the management of renewals.
  • Smart information – Beyond the norm, monva tells you what you need to know. An unbiased calm authority, no opera singers, mattel toys, meerkats or sports coaches here.
  • Smart control of data – Open and transparent, respectful of your marketing preferences. Monva puts you in total control of the data we hold on you.

Funds raised in this round will be used to achieve three key things:

image

Expand our team

image

Progress strategic partnerships

image

Fully launch the Monva service

A market ready for change

The Financial Price Comparison model has evolved very little since its inception 20 years ago.  Price Comparison Websites are largely transactional marketplaces, with little focus on retention, service or automation, particularly in Money and Communications.

monva has made fantastic progress launching a range of portfolio brands to develop an initial customer base and learnings prior to full launch of the brand and service.

As at November 2019 we have:

  • 15,000 registered customers that we can market monva to at launch.
  • Developed a challenger brand with assistance from London PR and Brand agencies
  • Created a modern technology architecture reviewed by Amazon Web Services
  • Have a partnership with Experian ready to be signed on completion of funding which provides monva acceleration in business development and access to the entire UK panel of lenders
  • Identified our initial hires who are ready to join after funding completes

Market testing

We launched loanbuzz to demonstrate the following.

The ability to launch a new brand in financial comparison, build an audience and gain traction

To launch a central customer account at the heart of the proposition to demonstrate no barrier to providing data for the right purpose

To demonstrate how holding a customer account makes follow on searches and applications 90% faster by re-using customer data

To build relationships with lenders (we know a lot of them already given our founders backgrounds and history)

Validate our assumptions for paid marketing costs (google and facebook)

We also launched movemyenergy to demonstrate the following:

The ability to launch a new brand in energy comparison, build an audience and gain traction

Validate our assumptions for paid marketing costs (google and facebook)

Launching monva

We will be launching monva.co.uk with Credit Card comparison as our initial offering under the monva brand. The Minimum Viable Product will be ready in Q1 2020, with a full product build out to complete in Q3 2020 once funding is received.

With a fully defined product roadmap, we will then be launching new features and into other verticals throughout 2020

Become an Investor

EIS Advanced Assurance Tax Relief is available on investments.
Investments of this nature carry risks to your capital. Please Invest Aware

Register your interest for early access to our funding round:



Level of Investment Interest