Ivan Maryasin

GM, Growth for Business Banking, OakNorth · 1 appearance on the record.

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founderexecutiveoperatorLinkedIn ↗monite.com ↗

Ivan Maryasin co-founded and served as CEO of Monite, an embedded finance startup providing APIs for invoicing, accounts payable, and expense management workflows. Prior to Monite's acquisition by OakNorth, he led growth at German B2B neobank Penta and worked at People.ai.

10statements → 2claims → 1claims resolved → 4/5average certainty → 1.4/5average debate potential → ≈4.5/5argument clarity, estimated →

1 supported 0 partly supported 0 contradicted 1 not checkable as stated how the 2 claims stand · each chip opens the sources

2 assertions · 2 insights · 6 disclosures · every statement was checked. The predictions and assertions are the 2 claims: statements the public record can support or contradict. 1 is resolved, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Ivan argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported

Monite raised a $10M seed across two tranches from Point72 and Third Prime

“And then we raised a larger seed around the two portions, five and five in 21 and 22. And so our total seed was ten million dollars led by .72 ventures and third prime. And the last portion of seed came in in December, 2022.”

Ivan Maryasin Aug 30, 2023 ▶ 8:51 Why He Spent $5m on Fintech API MVP, 20 Customers Today and $20k in MRR

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Ivan Maryasin on measured tape to publish a rate. This says nothing about how they speak.

What they said10 Episodes1

Everything Ivan Maryasin said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight

Maryasin: Fintech infrastructure has no viable low-cost MVP

“For us, what we see is that there is no real MVP in this market. Like if people come to us and say, Hey, I want to be a build.com for my clients. I can't give them like a scrappy little solution that doesn't really work. I have to give them something a lot mor…”

Ivan Maryasin Aug 30, 2023 ▶ 16:42 Why He Spent $5m on Fintech API MVP, 20 Customers Today and $20k in MRR

Disclosure

Maryasin: Monite charges per active SME per module, plus take rates

“We don't price based on API calls. We price for active SME customer per module per month. So it's basically a scalable SaaS model. And then if people buy payments and some financial services for months, we also have a take rate in that.”

Ivan Maryasin Aug 30, 2023 ▶ 4:46 Why He Spent $5m on Fintech API MVP, 20 Customers Today and $20k in MRR

Disclosure

Monite relocates engineering talent to Georgia to avoid Western tax burdens

“We usually relocate people to Georgia also from, you know, like, ex-Ukrainians, ex-Russians, ex-Belorussians, like, from all across, very strong tech talent and no crazy European or US Texas, that would basically mean that we can only run half of that size of …”

Ivan Maryasin Aug 30, 2023 ▶ 12:29 Why He Spent $5m on Fintech API MVP, 20 Customers Today and $20k in MRR

Disclosure

Maryasin: Monite has spent over $5M developing its product

“I think a bit over five for sure.”

Ivan Maryasin Aug 30, 2023 ▶ 17:54 Why He Spent $5m on Fintech API MVP, 20 Customers Today and $20k in MRR

Disclosure

Maryasin: Capital on Tap is Monite's Largest Signed Customer

“And for example, the biggest customer we signed so far is actually Capital and Tap. I'm a credit card provider for SME in the UK, and they already have all this, like, 300 SME customers.”

Ivan Maryasin Aug 30, 2023 ▶ 2:21 Why He Spent $5m on Fintech API MVP, 20 Customers Today and $20k in MRR

Disclosure

Maryasin: Monite typically signs deals above $30,000 per year

“I would say we typically sign deals now ever, ever, everywhere above 30,000 per year, and we'll be growing this very, very quickly as we grow in customer accounts.”

Ivan Maryasin Aug 30, 2023 ▶ 4:12 Why He Spent $5m on Fintech API MVP, 20 Customers Today and $20k in MRR

Assertion Supported

Monite raised a $10M seed across two tranches from Point72 and Third Prime

Ivan Maryasin Aug 30, 2023 ▶ 8:51 Why He Spent $5m on Fintech API MVP, 20 Customers Today and $20k in MRR

Assertion Not checkable as stated

Monite has about 20 platform customers after tripling base in six months

“So we have about 20 platform customers and basically growing, I wouldn't say exponentially, but we have a very good growth rate. We basically three X customer base in the last six months.”

Ivan Maryasin Aug 30, 2023 ▶ 9:42 Why He Spent $5m on Fintech API MVP, 20 Customers Today and $20k in MRR

Disclosure

Maryasin: Monite employs 50 people with 80% in product and tech

“So we have 50 people full-time, and 80% of the team is actually product and tech.”

Ivan Maryasin Aug 30, 2023 ▶ 11:26 Why He Spent $5m on Fintech API MVP, 20 Customers Today and $20k in MRR

Insight

Maryasin: API infrastructure revenue lags due to sales cycles and integrations

“In infrastructure, real revenues always lag behind because there is a longer sales cycle, then people have to integrate, then minimal commitments kick in, and only then they start seeing sort of excess usage.”

Ivan Maryasin Aug 30, 2023 ▶ 13:15 Why He Spent $5m on Fintech API MVP, 20 Customers Today and $20k in MRR

Appearances (1)

Episode	Date	Speaking time
Why He Spent $5m on Fintech API MVP, 20 Customers Today and $20k in MRR	Aug 30, 2023	12m

Ivan Maryasin

The record, in short

Their most notable supported claim

How they sound: not measured why? →

Appearances (1)

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