Cobalt has helped Tallinn-based Monemon obtain its e-money license from the Estonian Financial Supervision and Resolution Authority.
Monemon is an e-money institution. According to Cobalt, it is the third company in Estonia to have received an e-money institution license.
Monemon styles itself as an alternative banking solution for Generation Z customers: a platform "where your daily financials are connected to an exciting digital world – MOWO – a parallel universe, where you can spend your virtual Monecoin like there is no tomorrow."
The Cobalt team included Partner Monika Koolmeister, Senior Associate Kaarel Eller, Associate Peep Vahi, and Junior Associates Anna Daniel and Andres Haavik.