Estonia’s Montonio triggers leadership change with Johan Nord rising to CEO

New CEO Appointment:
- Johan Nord has been promoted to CEO of Montonio, an Estonian start-up specializing in payment and e-commerce solutions.
- Nord joined Montonio in March as Chief Revenue Officer, following roles at Société Générale’s CIB division and open banking firm Trustly.
Leadership Transition:
- Markus Lember, Montonio’s co-founder and former CEO, will transition to the role of Chief Strategy Officer, focusing on corporate strategy and strategic partnerships.
Company Growth:
- Montonio has experienced rapid growth, now serving over 6,000 online stores across Poland, Germany, Lithuania, Latvia, Estonia, and Finland.
Strategic Focus:
- The company’s focus under Nord’s leadership will be on expansion, particularly in Baltic and Polish markets, and achieving sustainable profitability.
Product Enhancements:
- Montonio has integrated new features such as Apple Pay, Google Pay, and BLIK, automated refund capabilities, and formed partnerships with Venipak, Coop Pank, and Inbank.
Series A Funding:
- The company raised €11 million in Series A funding in April 2022, which has supported its market reach and product enhancements.