Monemon AS received an e-money institution activity license from the Estonian Financial Supervision and Resolution Authority

COBALT successfully advised e-money institution Monemon in applying for an activity license from the Estonian Financial Supervision and Resolution Authority. Monemon is the third company in Estonia who has received e-money institution license.

Monemon is an innovative e-money service provider, which has designed its platform with the young generation Z in mind.

COBALT advised the client on license procedures and other regulatory issues. Our team included Partner Monika Koolmeister, Senior Associate Kaarel Eller, Associate Peep Vähi and Junior Associates Anna Daniel and Andres Haavik.

Read more about obtaining the license in Estonian: here.