Opening a business bank account should be fairly easy, but after seeing firsthand just how hard it was, Salomon Zarruk and Sebastian Ortiz decided they didn’t want another Latin American business to run into the same kind of difficulty.
The pair, who worked together at Tpaga in Colombia, relocated to Mexico a few years ago to launch the mobile wallet company there, and let’s just say, Zarruk was less than impressed with the experience. In fact, he told TechCrunch that opening a bank account for the company “was a mess.”
What they came up with was Mono, which means “monkey” in Spanish, a fintec
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