Home / Business and Economy / Mona Secures $3.5M for AI Small Business Finance
Mona Secures $3.5M for AI Small Business Finance
28 Sep
Summary
- Mona raised $3.5M in an oversubscribed funding round.
- The AI platform helps small businesses access capital and coaching.
- It supports entrepreneurs by surfacing opportunities and streamlining applications.
Mona announced on September 28, 2026, the closure of an oversubscribed $3.5 million funding round. Sandberg Bernthal Venture Partners led the investment, with participation from Alumni Ventures, Wisdom Ventures, and notable angels like former Google CEO Eric Schmidt. The Mastercard Strive USA Innovation Fund also backs the company.
The AI-powered platform from Mona aims to simplify capital access for small business owners, who often struggle with a fragmented market. Entrepreneurs can use Mona's common application to discover funding opportunities, navigate applications, and receive personalized financial guidance.
Founded by Andrew Leon Hanna and Anny Dow, Mona combines AI with human coaching to offer continuous support. The platform has already assisted thousands of small businesses, helping them secure millions in affordable capital across cities like Chicago, Detroit, Jacksonville, New York City, and San Francisco.
Mona is also collaborating with Mastercard Strive USA to broaden its reach by partnering with small business support organizations. This initiative seeks to ensure small businesses benefit from advancements in AI and receive the necessary support for growth.
