Payments solutions provider Monavate expands its Supply Chain Payments division with three key new hires, with the goal to bring simplicity and clarity to B2B payments in verticals such as travel, marketplaces, and logistics and haulage, where global businesses are slowed down and burdened by unnecessary complexity and friction in payments practices.
Davide Antonioli joins Monavate as Head of Revenue Growth for Supply Chain Payments, bringing in nearly a decade of expertise in the payments and fintech industry with a strong background in leading commercial teams and shaping go-to-market strategies. Davide worked with the cards giant Mastercard and joined the early stages of eNett, following which he supported the launch and expansion of the Payments Business Unit of the global travel solutions provider Amadeus. Most recently, Davide led the international commercial expansion of the US fintech ConnexPay, where he was Head of Sales, overseeing International Markets.
Paul Marsden joins Monavate’s Supply Chain Payments division as Head of Risk, a role where he will help structure, build and deploy payment flows that significantly cut risk for businesses, as they endeavour to grow and perform in a hyperconnected, cross-border business environment. Paul has over 10 years of experience within the world of risk, compliance and financial crime. Having started in the insurance and gaming industries, his experience over the past 8 years has been focused on payments and financial services.
To strengthen and underpin Monavate’s division and expansion, Justin Water joins the Cambridge fintech as Head of Operations in Supply Chain Payments. Justin is an accomplished payments professional and brings a rich background, in instrumental roles particularly in client onboarding for global payment companies. With extensive experience in managing onboarding and client-facing teams, he has demonstrated expertise in virtual payments, business process analysis, requirements analysis, business and leisure travel, implementation, and integration within the payments and business travel industry.
Monavate was founded in 2020 by a group of seasoned payments industry experts, with a remarkable track record of achievements across card and payments issuing, acquiring, processing, and compliance. Their combined expertise helped the business achieve rapid status as a principal member for Mastercard, Visa and Discover. Monavate is doubly licenced as an e-money institution by both the FCA in the United Kingdom and the Bank of Lithuania for its operations in the European Economic Area. Having already issued more than four million cards and processed over £2 billion in customer spending on issued cards, Monavate has achieved impressive growth since its creation.
Monavate has also supported fast-growth clients in the fintech industry to launch card programmes and financial products with ease, scale and compliance over the past three years, Monavate has launched its new Supply Chain Payments division in October 2023, with the aim to create innovative and effective payment solutions to help businesses in key verticals alleviate the challenges faced due to inefficient payments and their associated processes.
“The global B2B payments market ranges from $100 trillion to $150 trillion, and businesses everywhere experience a growing need for efficiency, innovation and a departure from outdated workflows and practices that pose barriers and add risk to businesses. Monavate’s new Supply Chain Payments division aims to bring order to this over-burdened, over-complicated landscape, and I welcome the new joiners to our endeavour. Together, we will make payments an accelerator, not an inhibitor, for businesses across the globe,” says Anant Patel, President of Supply Chain Payments at Monavate