We are so happy to welcome a new name - Montonio - to the #EstonianMafia Wall of Fame!
Six friends wished to solve the frustration of small businesses stuck with expensive, complex, and fragmented ecommerce tools. Founded in 2018, Montonio is an all-in-one ecommerce checkout solution built to simplify life for online merchants. Instead of juggling multiple providers for payments, shipping, and refunds, merchants can run everything from an intuitive, unified stack.
On the Wall of Fame, we honor startups that grow fast, make an impact, and contribute to the community. Montonio has had rapid growth and strong impact on the region’s e-commerce landscape. What started as a small team has grown into a company powering 7,000+ merchants across the Baltics and Poland. They embody the spirit of Estonia’s startup ecosystem – scaling fast, innovating boldly, and creating lasting value. Montonio now stands alongside our ecosystem’s finest, and we can’t wait to see the future impact they will create – for the community here and far beyond.
Here’s some of Montonio’s key milestones :
7,000+ merchants onboarded, mainly across Baltics & Poland.
€18 million raised in funding, backed by Index Ventures, Superangel, and early builders from companies like Wise and Bolt.
Licensed as a payment institution by the Bank of Lithuania, enabling secure and regulated payment services.
LIFT99 Wall of Fame
Montonio’s message
“We believe the future of ecommerce isn’t about piling on more tools – it’s about making the right ones work together. Our mission is to simplify ecommerce for growing merchants by giving them the same powerful, integrated infrastructure that larger companies take for granted.”
Again, welcome to the family, Montonio! 💙