Monerium
Monerium is a regulated Electronic Money Institution (EMI) and fintech platform that issues fiat-backed e-money (like EURe) on blockchains, enabling compliant, secure, and seamless digital currency transactions for individuals and businesses.
Industry
Market Categories
Stablecoin Issuers
Business function (Horizontal)
Headquarters Location
Reykjavík, Iceland
Product Name
Monerium
Parent Company
Moneriuum
Founder
Sveinn Valfells, Gísli Kristjánsson, Hjörtur Hjartarson
Web2vsWeb3
Web3
Access Model
SDK/ API
Target Users
Financial institutions, Consumers, Other
Competitors
Other stablecoin issuers (Tether, Circle, Paxos, PayPal, Frax Stablecoin, MakerDAO, TrueUSD, Celo, etc.), traditional payment providers (Stripe, Square, PayPal), and other DeFi protocols (Aave, Compound, Curve Finance). Specific yield-bearing stablecoins like USDM (Mountain Protocol) are also direct competitors for yield-seeking users.
Business Function (stablecoins)
Feature completness
Product differentiation
First regulated e-money issuer on blockchains (EMI license since 2019). Most widely used EUR stablecoin (EURe) with over €4 billion transferred. Deep integration with SEPA banking infrastructure via blockchain IBANs. Regulation-first approach. Focus on bridging TradFi and DeFi with compliant, fiat-backed digital cash.
Privacy & Data protection certificate
Years in business
10.49
Employees
10-100
Horizontal Applications
Peer-to-Peer (P2P) Payments, Remittances, E-commerce Transactions, Settlements, Payment Rail
Tech stack modernity
Utilizes modern web development frameworks (Node.js, React, TypeScript), relational databases (PostgreSQL), and deploys smart contracts on leading Layer 1 and Layer 2 blockchains (Ethereum, Polygon, Gnosis, Algorand). Integrates with Safe{Core} SDK for wallet interactions.
Product Roadmap
Focus on expanding team and scaling operations to issue more fiat-backed e-money tokens (including more currencies and blockchains). Strategic consideration for listing on cryptocurrency exchanges. Plans to offer foreign exchange (FX) services between its e-money tokens. Continuous adherence to evolving regulatory frameworks (MiCA, VASP license).
Product Roadmap
Focus on expanding team and scaling operations to issue more fiat-backed e-money tokens (including more currencies and blockchains). Strategic consideration for listing on cryptocurrency exchanges. Plans to offer foreign exchange (FX) services between its e-money tokens. Continuous adherence to evolving regulatory frameworks (MiCA, VASP license).
API Quality
Production-Ready
Documentation Link
Enterprise readiness
High technical readiness for integration (APIs, SDKs) and scalability (high-volume transactions, multi-chain support). Strong strategic alignment with regulatory compliance (EMI/VASP licenses, MiCA adherence) and institutional needs. Offers streamlined onboarding (4 weeks average). However, as a regulated financial institution, it does not offer traditional Service Level Agreements (SLAs) or dedicated account managers in the publicly available information.
Security & Compliance Readiness
Holds Electronic Money Institution (EMI) and Virtual Asset Service Provider (VASP) licenses, regulated by the Financial Supervisory Authority of the Central Bank of Iceland. Operates in 27 EU member states, Iceland, Norway, Liechtenstein, and the UK. Fully compliant with MiCA regulations. Implements robust KYC/AML, sanctions screening, and real-time transaction monitoring using Elliptic's tools. Funds are 102% collateralized in segregated bank accounts or high-quality liquid securities. Adheres to GDPR principles for data privacy. No explicit SOC 2, HIPAA, or ISO 27001 certifications found for Monerium itself.
Documentation quality assessment
Comprehensive developer documentation covering smart contracts and API functionalities, generated using TypeDoc for clarity and readability.
Support Methods
Offers live chat, email support (with a 5-business-day response target), and technical support for developers. Engages with the community via social media (Twitter, LinkedIn, Discord) and events. No traditional dedicated account managers mentioned.
Critical capabilities
Issues regulated e-money tokens (EURe, GBPe, USDe) on multiple blockchains (Ethereum, Polygon, Gnosis, Algorand). Tokens are ERC20/ERC2612 compliant. Utilizes smart contracts for automated minting/burning and SEPA integration. Funds are 102% collateralized in bank deposits or high-quality liquid securities. Tech stack includes Node.js, React, TypeScript, PostgreSQL.
Support & Account Management
Offers live chat, email support (with a 5-business-day response target), and technical support for developers. Engages with the community via social media (Twitter, LinkedIn, Discord) and events. No traditional dedicated account managers mentioned.
51 Score™
507.92
Product & Service
64.0
Stability & Maturity
46.7
Technology & Innovation
40.0
Enterprise Readiness
52.5
Categorization
Founder
Sveinn Valfells, Gísli Kristjánsson, Hjörtur Hjartarson
Parent Company
Moneriuum
Market category
Stablecoin Issuers
Target Users
Financial institutions, Consumers, Other
Top competitors
Other stablecoin issuers (Tether, Circle, Paxos, PayPal, Frax Stablecoin, MakerDAO, TrueUSD, Celo, etc.), traditional payment providers (Stripe, Square, PayPal), and other DeFi protocols (Aave, Compound, Curve Finance). Specific yield-bearing stablecoins like USDM (Mountain Protocol) are also direct competitors for yield-seeking users.
