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Monarch Technologies
AddedFeb 16, 2024
UpdatedJun 18, 2026
Monarch Technologies

Monarch Technologies

Operating

Monarch Technologies: A licensed fintech providing compliant payment solutions for the cannabis industry.

Location
Limassol, Limassol District, CY
Founded
2019
Firm
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Fundraising
Employees

Monarch technologies Inc. is a fully licensed money transmittal service and certificate NACHA Third Party Sender with multiple financial institutions. Currently we are operating as a fintech payments service provider for the legitimate cannabis industry, serving B2C, B2B and governmental agencies. We have developed a proprietary business banking compliance platform called Monarch. Monarch was built after years of industry research, client frustration, misunderstandings of how to handle compliance, taxation and payments in the cannabis industry.

After analyzing and diagnosing the banking industry and practices, we've identified the need to solve these issues with a compliance driven SaaS platform. The intention being to reduce the risks involved for the cannabis business owner as well as for financial institutions to successfully underwrite, on board and provide continued compliance, cash management, merchant processing and taxation services to too all sectors of licensed Cannabis operators.

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Monarch Technologies - Classification

Also Known As
  • Monarch Technologies, Inc
NAICS
  • 520000Finance and Insurance
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 8740Management And Public Relations Services
  • 8742Management Consulting Services
Show 4 more industry codes
SIC
  • 6000Depository Institutions
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 6282Investment Advice