A Danish company is bringing its payment technology for electric vehicle charging to America, with help from J.P. Morgan.

The financial services firm said Monta an EV charging platform based in Denmark, is expanding to the U.S., aiming to strengthen the payment experience for EV network operators and turnkey providers, a system powered by J.P. Morgan.

Monta opened its first opened its first U.S. office, in Miami, in September.

“The future of EV charging lies in seamless, secure and efficient financial solutions,” Monta CEO and co-founder Casper Rasmussen said. “Leveraging J.P. Morgan’s global payments solutions allows us to provide EV network operators and turnkey providers with the necessary tools to scale in the U.S. market, while aiming for the highest level of financial protection and operational efficiency.”

J.P. Morgan serves venture-backed and high-growth companies, founders and venture capital firms worldwide in multiple industries, including technology, fintech, disruptive commerce and internet, life sciences, climate tech and healthtech.

“We are committed to driving innovation and supporting the growth of industries that are shaping the future, like Monta,” J.P. Morgan relationship executive for Nordics innovation economy Kim Larsson Nyheim said. “Supporting Monta on this journey positions them to build a stronger, more sustainable future for the EV industry and help accelerate the transition to clean energy.

“We are proud to play a role in their expansion, equipping them with a seamless, secure and efficient financial ecosystem for the U.S.”

Kim Larsson Nyheim

Through its platform, J.P. Morgan said, Monta provides EV charging businesses with immediate access to revenue, secure fund management and payment security for their customers, helping businesses solve challenges such as delayed revenue access, payment security concerns, manual reconciliation and compliance risks, which can hinder cash flow, operational efficiency and the ability to scale.

Monta’s payment system is designed to provide seamless payment collection, instant fund access and transparent financial reconciliation that is fully compliant with U.S. financial regulations, removing reliance on third-party fund holders.