FinTech Hive introduces ‘Moneta’ lifestyle app in Sri Lanka

FinTech Hive, a homegrown start-up company founded through PickMe’s incubation programme, recently introduced its tech-enabled, futuristic and secure financial assistance platform ‘Moneta’ to the Sri Lankan market.

Moneta is an on-demand, versatile personal financial assistance ‘Lifestyle App’ which enables discerning users to make prudent financial decisions with regard to saving and spending. Moneta is working with Sri Lanka’s leading banks to provide fast, reliable and secure services to fulfill customers’ emergency financial requirements at any given time. Customers can choose a flexible repayment method based on their preference and at their convenience. Interested individuals can access Moneta Service by downloading the Moneta App from Google Playstore, the company said in a media release.

"Moneta works with three pillars: Speed, Innovation, and Positive Social Impact. Our innovative solution allows customers to enjoy fast and personalised services. As a truly Sri Lankan brand, we strive to create a positive social impact on the lives of Sri Lankans. Moneta is a personal friend to young executives, enabling them to cherish life’s finer things,” said Shayanthan Kanaganayagham, Founder & CEO of Moneta.

Moneta provides young executives the opportunity to enjoy a comfortable, appealing social lifestyle with access to credit on-demand.

Customers can access Moneta Lifestyle as soon as they register with Moneta by providing their name and mobile number. Anyone can use the Moneta lifestyle services while Moneta Premium service is currently only available to salaried employees.

The Moneta Premium Service allows fulltime, salaried employees to access on-demand credit facility up to Rs.100,000 through MoCredit and MoEMI (Equally divided Monthly Installment) based on their credit worthiness.

“Moneta promises to be a fellow traveller in our customers’ journey, a constant companion to help them enjoy life beyond limits,” added the founder.

The release said that at present Moneta is prepared to assist employees who have had to endure financial distress due to unavoidable salary cuts in the face of COVID – 19 restrictions on businesses. Accordingly, Moneta facilitates a special relief programme called “Employee CARE Programme” available for three months for employees who were affected by temporary salary reductions. Such employees can apply for emergency financial assistance by providing details of their salary reduction after enabling Moneta Premium Service.