How This Latina's Startup is Using AI to Help People Keep Track of Their Bills

Monadd is a Latin-founded AI company that helps people keep track of their bills and home services. The Miami-based startup was recently selected as one of the startups to participate in the AWS Impact Accelerator program, and now seeks to increase its visibility as it continues to grow, said its founder, Jessica Mendoza, to the Latin Times.

The platform uses limited consumer information and requires users to input their residence. From there, Monadd's AI will search for bills and services attached to the residence and monitor them. According to Mendoza, the platform can be extremely beneficial for people who are in the moving process, as Monadd can help to update addresses or even cancel services.

"I am Venezuelan, but I've lived in so many different places because as a migrant you have to adapt and relocate to wherever is fit," Mendoza told the Latin Times. "And as an adult, the more that I started moving to different places, the more I realized that I didn't know everything that was tied to me, like all of the services and bills."

The company launched in 2021 during the tail-end of the COVID pandemic. And according to Mendoza, the timing helped build traction. During the time of its launch, many companies were restructuring their work-from-home policies and began requiring workers to commute to the office more frequently. As a result, people who had moved to different cities moved back to be closer to their offices and began using Monadd to manage their home services.

According to Mendoza, Monadd has also recently started working with property management companies in order to provide its platform for tenants.

"They're offering our platform to their renters because they don't want to be a middleman or liability for things that belong to the tenant," said Mendoza.

With the AWS Impact Accelerator program, Monadd will receive curated curriculum, and up to $225,000 in funding and AWS credits. The capital will help the company continue developing new features as it continues to grow.

Currently, Monadd has between 6,000 and 10,000 users, and over the next few months, Mendoza wants to focus on increasing the platform's visibility to attract more. For this reason, Mendoza says that the company will be more strategic when deciding what programs to apply to.

"Now I'm choosing applications that are more likely to give us the better boost in visibility that we need or will be able to make any meaningful connections," Mendoza said.