Monedo offers consumer loans, a digital wallet, and a personal finance manager to help customers manage their credit score and spending. They also offer a "credit as a service" model for partners to integrate credit products. Founded in 2012 and headquartered in Hamburg, Monedo operates in over 5 markets and has processed more than 4 million loan applications. The company is led by CEO Alexander Graubner-Müller and is financially backed by investors such as PayU and the World Bank's IFC.