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Monokera

Open API platform connecting digital channels with insurers and reinsurers across Latin America

Distribution & Sales Growth Seed
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Overview

Monokera is an insurance distribution and administration platform for carriers, reinsurers, and digital channels in Latin America. Founded in 2020 in Bogota, Colombia, the company operates as a B2B SaaS intermediary that enables insurers to design, configure, and launch digital insurance products without replacing legacy systems.

The platform provides a single API integration point that connects any digital sales channel -- banks, fintechs, retailers, microfinance institutions -- to multiple insurers and reinsurers simultaneously. Its cloud-native, low-code architecture supports end-to-end insurance lifecycle management including product configuration, policy administration, claims handling, and distribution channel management. Insurers can go from product design to live digital distribution in under eight weeks.

Monokera has raised seed investment from Krealo (the CVC arm of Credicorp Group) and ADL Digital Lab (Grupo Aval's digital venture unit), both of whom are also distribution channel partners. Notable clients include Yape, Credicorp's digital wallet in Peru, and entities across the Credicorp and Grupo Aval financial services groups. The company holds SOC 2 Type II attestation as of November 2025.

Products & Services

Integration Layer

A single API integration point that connects digital sales channels to multiple insurers and reinsurers simultaneously. Channels integrate once and gain access to the full network of Monokera-connected insurance providers.

Key Features

  • Reusable integrations eliminating redundant insurer-by-insurer connections
  • Support for legacy system enablement without replatforming
  • Multi-insurer and multi-reinsurer connectivity from a single endpoint

Target Users: Fintechs, banks, retailers, and microfinance institutions seeking to offer insurance products

Administration Layer

Core insurance management system supporting end-to-end or partial insurance product lifecycle management. Can be adopted in full or deployed to complement existing systems.

Key Features

  • Product design and configuration tools
  • Policy administration and issuance
  • Claims management
  • Digital channel distribution management

Target Users: Insurers and reinsurers seeking to digitize product administration

Embedded Insurance

Enables companies outside the insurance sector to embed insurance products into their customer journeys via API, supporting integrated user experiences and innovative product designs.

Key Features

  • API-driven integration with non-insurance digital platforms
  • Configurable insurance product embedding
  • Support for custom product design tailored to channel customer profiles

Target Users: Banks, fintechs, and digital commerce platforms

Co-Design Services

Strategic collaboration offering where Monokera works with insurers and distribution channels to develop insurance products tailored to specific digital channel segments.

Key Features

  • Segment-specific product design
  • Joint go-to-market support
  • Channel and insurer alignment

Target Users: Insurers and distribution channels launching new digital products

At a Glance

Founded
2020
Headquarters
Bogota, Colombia
Employees
51-200
Funding
Seed

Category & Focus

Category
Distribution & Sales
Subcategories
Embedded Insurance API Platforms Insurance Administration
Insurance Verticals
P&C Personal P&C Commercial Life & Annuity
Target Customers
Carriers, Brokers, Reinsurers

Customers

  • Yape -- Credicorp digital wallet, Peru
  • Grupo Aval entities -- Colombia
  • Credicorp Group entities -- Peru and Colombia

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Last updated: 2026-06-03