MonetaGo appoints Neil Shonhard as new CEO

Fintech solutions provider MonetaGo has appointed Neil Shonhard as its new chief executive officer (CEO), effective immediately.

Neil Shonhard, MonetaGo’s new CEO

Shonhard will take over from co-founder and CEO Jesse Chenard, who will be transitioning to the role of executive chairman, remaining “closely involved” in MonetaGo’s activities and acting as an advisor to the company’s management team.

Shonhard joined MonetaGo in June 2020 as managing director, Asia Pacific, before becoming company president in August 2021. He brings over two decades of experience, with 12 years spent at TP ICAP, and senior roles in securities firms in Europe and Asia.

Commenting on the appointment of Shonhard, Chenard says: “As company president, he has driven MonetaGo’s success, meeting the stringent requirements of our clients in one of the most highly regulated industries on earth. As CEO, he will take MonetaGo to the next level, making trade finance work better for everyone.”

MonetaGo’s Secure Financing platform went live in March 2018, enabling bank and non-bank financial institutions and fintechs check for fraud and duplicate financing. It claims to have processed over 3.5 million transactions in India.

It has also partnered with Swift to provide banks around the world with access to its platform, via Swift’s global API. MonetaGo was also recently mandated to build the Trade Finance Registry in Singapore.