We are thrilled to announce our partnership with Montonio, a ‘one-stop-shop’ checkout solution for online businesses looking to take their e-commerce sales to the next level. Montonio offers bank link and card payments, real-time hire purchase comparison and 0% interest buy now, pay later (BNPL) short-term financing. Their solution allows e-commerce merchants to centrally manage shoppers’ payments through a single interface and help shoppers receive several instalment offers from competing creditors with a single credit application.

Through this partnership, Salv brings additional security to Montonio’s services, safeguarding it from potential financial criminals, fraudsters or money launderers trying to exploit the e-commerce merchants and their customers. “With the great growth of e-commerce in recent years it has sadly also offered countless new opportunities for criminals, who are on the lookout for new ways to exploit e-commerce, trying to move their illicit funds or trick genuine customers. Salv is thrilled that we can help Montonio to better predict and mitigate possible financial crime risks, prevent risky relationships and potential losses with our AML platform”, says Taavi Tamkivi, CEO and co-founder of Salv.

Security and regulatory compliance has been a high priority for Montonio from day one. “Considering the amount of payments processed, as well as our our current growth rate and expansion plans, integrating Salv’s capabilities with our payments and financing services was the next logical step,” comments Rasmus Õisma, CLO and co-founder of Montonio. “We are very happy to have found a team that really knows what they’re doing. It is important for us that Salv is built by AML people and based on the recommendations we gathered from other industry professionals, we’re excited to launch our partnership,” adds Õisma.

About Montonio

Montonio is an Estonian fintech founded in 2018 that provides efficient and affordable payment checkout solutions for e-commerce businesses in Estonia, Latvia, Lithuania, and Poland. To date, the company has raised €2,7M in funding and has grown to a team of 20+ people. By the end of 2022, the team is planned to grow to 100 people to fulfil the mission of building the future of e-commerce payments. Montonio holds a payment institution license issued by the Bank of Lithuania.

About Salv

Salv, an Estonian based regtech founded in 2018, has grown to a staff of 40+, helping customers across ten European countries (and beyond) meet their AML screening, monitoring and customer risk assessment needs, via two core products: AML Platform and AML Bridge. Salv’s co-founders Taavi Tamkivi, Jeff McClelland and Sergei Rumjantsev have decades of experience fighting financial crime at some of Europe’s hottest startups, first building fraud, KYC and AML teams at Skype and then TransferWise (now Wise). At Skype they learned the challenges of managing and analysing massive data sets, at Wise, the value of building iterative, fast-scaling tooling, to meet the needs of an ever-changing fincrime landscape.

Mastercard Lighthouse alumni

In Spring 2020, Montonio and Salv both participated in Mastercard Lighthouse, the special programme for Nordic fintechs to collaborate and bring new innovative solutions to global markets. Mastercard Lighthouse has over the years helped many promising fintechs to foster their growth and they are on a lookout for new fintechs to join.

Additional information:

Tiina Hiller
Salv, Head of Marketing and Communications
+372 5560 7483
[email protected]

ISO/IEC 27001 logo
Aicpa logo
GDPR compliant logo
OWASP logo

We build security to our products and organisation from the start. We use security best practices (incl. ISO 27001, CIS etc.) to ensure that our security management system meets the highest standards.

Salv has an ISO/IEC 27001: 2022 certificate, as well as ISAE 3000 compliant SOC 2 Type 2 report.