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Monak e-services

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Monak consumer app (local bank account, debit card, remittance, forex, insurance, bill pay, food and taxi) plus a recruiter platform for onboarding and administering migrant workers

Muscat, OmanFounded 2020
FintechHRTech

Monak is a digital-life platform for migrant workers in the Middle East. It bundles banking, remittance, health and daily services in one app, and gives recruiters software to onboard and track the workforce. It supports the UAE, Saudi Arabia and Oman, and partnered with Mastercard in 2025 on cross-border transfers and wage disbursement.

Founders

Salim Al Shanfari

Co-Founder & Managing Director

Funding Rounds

UndisclosedOct 2024

Lead: Future Fund Oman

Investors: Future Fund Oman, Omantel

Investors: Future Fund Oman, Omantel.

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