Mona Raises $3.5M to Expand Its AI Platform for Small Business Capital Access and Financial Coaching
Yahoo Finance ·
Small business owners navigate a fragmented ecosystem of lenders, government programs, grants, and other capital sources – without the financial teams or advisors available to larger companies. Mona brings that fragmented market into one place through its AI platform. Entrepreneurs complete a common application, which Mona uses to surface relevant opportunities, streamline applications, and tailor guidance. Mona – recently named to Fast Company 's World Changing Ideas List – pairs AI with human coaching, offering ongoing support beyond a one-time funding search. Entrepreneurs turn to Mona as questions and opportunities arise, while the platform improves as it learns about their businesses. Mona has already supported thousands of small businesses and helped entrepreneurs secure millions in affordable capital, with early traction in Chicago, Detroit, Jacksonville, New York City, and San Francisco. "Small businesses are the engine of the American economy, but there's a huge market gap in the tools, guidance, and resources available to them," said Gareth Schweitzer, Partner at Sandberg Bernthal Venture Partners. "Mona is closing that gap by leveraging AI to help small business owners find capital opportunities, apply for financing, and access high-quality coaching." Mona was founded by Andrew Leon Hanna and Anny Dow, who met at Stanford and whose families' stories as immigrant small business owners inspired the company's mission. "Small businesses create the majority of net new jobs and are the heartbeats of our communities. Yet they are expected to make high-stakes financial decisions with limited support," said Hanna. "By pairing AI with human expertise, we're building toward a world where every entrepreneur can have a trusted financial coach in their corner to help them grow." Mona is also partnering with Mastercard Strive USA, with support from the Mastercard Strive USA Innovation Fund . Through the partnership, Mona will collaborate with small business support organizations to expand its reach. "As AI continues to disrupt industries, there is a huge opportunity to make sure small businesses are not left behind and receive the support they need to grow," said Jonathan Fantini-Porter, Senior Vice President of Americas at the Mastercard Center for Inclusive Growth. "By combining new technology with the reach and trust of community organizations, Mona is helping improve small business financial health by increasing their cash flow, reducing financial volatility, and expanding access to affordable capital so small business owners can focus on keeping their small business dreams going." Mona is an AI platform that helps small businesses across the U.S. access capital and financial coaching. Learn more at trymona.com . View source version on businesswire.com: https://www.businesswire.com/news/home/20260928892666/en/
DYAX Investor Sentiment
Bullish (Long) 39% · Bearish (Short) 61%
478 participants
Related News
- Tesla Faces Q3 Delivery Test — JPMorgan Cuts Forecast, Flags Weakness In Two Key Markets
- NVIDIA Rises 2% as Board Authorizes Record $150B Buyback Increase; AMD and Broadcom Slip
- 365 Retail Markets and Evergreen Refreshments Bring Just Walk Out Technology by Amazon to Lake Washington Institute of Technology
- Veho Names Ronak Patel Senior Vice President of Supply Chain
- Nvidia, Meta, SpaceX, Kodiak Sciences, MongoDB, Boeing, and More Stocks That Explain Today’s Market
- Nvidia Stock Rises As AI Chipmaker Plans Huge Share Buyback
