Case Study: Sharesies achieves faster wallet funding and automated reconciliation with Monoova

Sharesies speeds wallet funding for 920,000+ customers with Monoova

Sharesies, a wealth app enabling accessible investing in Australia and New Zealand, faced a challenge with slow and scattered customer deposits. Manual reconciliation caused delays, preventing investors from using their funds immediately and creating administrative overhead for the operations team as the company scaled. To address this, Sharesies partnered with payments vendor Monoova.

Monoova implemented its real-time, API-driven payments infrastructure to automate fund transfers and reconciliation. This solution provided investors with near real-time deposit processing, often instantly, allowing them to trade much faster. The automation handled hundreds of thousands of transactions, eliminating manual intervention and supporting Sharesies' continued month-on-month growth in transaction volumes.

Sharesies