Monto

Monto is a fintech company based in Monterrey, Mexico, founded in 2020. It operates a Salary on Demand platform tailored for Latin America, allowing employees of affiliated companies to access their earned wages on-demand for a low fixed fee. This service provides a unique alternative to traditional salary advances by enabling access to wages already earned, helping to alleviate financial stress associated with monthly payroll cycles. Founded by fintech entrepreneur Andres Quintanilla and former Microsoft software engineer Karina Derbez, Monto aims to enhance financial inclusion in Mexico, where a significant portion of the population lacks access to traditional banking services. The platform integrates with various payment portals, facilitating invoice management and improving efficiency for businesses. Monto primarily serves employers and financial institutions looking to offer innovative financial benefits to enhance employee financial wellness. The company is known for its user-friendly interface and commitment to continuous improvement based on customer feedback.