#Singapore #MONTECH #Mondevo Group #Meight

Mondevo Group Enhances AI Strategy with Meight Acquisition

Mondevo Group has successfully completed the strategic acquisition of Meight, an innovative AI development firm based in Singapore, now rebranded as MonTech. This acquisition represents a significant step in positioning Mondevo as a leading integrated ecosystem for wealth and innovation, driven primarily by AI.

The firm announced its consolidation of Meight to focus on enhancing its internal technological capabilities, which will serve its strategic pillars: Mondevo Wealth, Mondevo Ventures, and MondeVita. With over 40 AI developers on board, MonTech aims to offer cutting-edge solutions to family offices globally.

Leadership and Integration Strategy

Under the leadership of Cristiano Motto, the former founder of Meight, MonTech is set to become a crucial player in Mondevo Group's technology strategy. Motto, recognized for his expertise in financial technology and AI, has been appointed as the AI and technology lead for the entire group. "We are thrilled to have Cristiano aboard at Mondevo Group. He is the perfect fit to define our AI and technology roadmap," remarked Hussam Otaibi, co-founder of Mondevo Group. "His team has already provided large-scale solutions in various industries, and together, they bring the depth and speed required to achieve our ambitious goals."

This acquisition marks a transition for Mondevo Group from a strong player to a formidable competitor in the market, enhancing their unique position with MonTech’s technologies. As Fabio Brambilla, another co-founder, outlined, "With MonTech fully integrated, we now possess a truly native AI infrastructure in our sector, distinguishing us from competitors who rely on external consultants to incorporate AI functionalities."

Creating a Sustainable Technological Base

MonTech's establishment is pivotal for Mondevo Group’s strategy to embed AI at the heart of its operations, rather than treating it as an external supplement. By developing proprietary algorithms, customized extended language models, and a unified data architecture, Mondevo forms a technological moat that competitors will find challenging to imitate. This integration enhances profitability and accelerates product innovation, reducing time-to-market for new AI capabilities from quarters to mere weeks, while also eliminating upwards of $8 million in annual external development costs.

MonTech's Track Record

Formerly known as Meight, MonTech has achieved remarkable success with over 20 major AI initiatives in the financial services, aerospace, and enterprise technology sectors across the EMEA and APAC regions. The company boasts impressive statistics:

• - Developed over seven AI-driven startups, including FAIRTILE, an agent-based decision support platform.
• - Completed more than 15 enterprise AI transformations for major financial institutions and corporations.
• - Currently employs a talented team exceeding 40 AI professionals, including full-stack developers, data specialists, and distributed accounts experts.
• - Established four key practices: innovation consulting, product development, product operations, and business creation.

Visionary Leadership of Cristiano Motto

Cristiano Motto brings over two decades of experience in banking innovation, entrepreneurship, and leadership in cutting-edge technologies. Prior to joining Mondevo Group, he served as Director of Innovation at Barclays, founded several fintech ventures, and earned recognition as one of the top 30 fintech influencers in Italy. Expressing his enthusiasm, Motto stated, "Joining Mondevo Group as the head of AI and technology represents the culmination of my career — merging expertise in institutional financial services with cutting-edge AI development and entrepreneurial execution. The vision of building the first truly AI-native wealth and innovation ecosystem for family offices is not just ambitious; it is the inevitable future of our industry. I am honored to lead the technological strategy that will make this vision a reality across all three pillars of our organization."

About Mondevo Group

Mondevo Group is an AI-native wealth and innovation ecosystem dedicated to serving global family offices. The organization operates through three distinct pillars — Mondevo Wealth, Mondevo Ventures, and MondeVita — benefiting from the technological expertise of MonTech, its internal team based in Singapore. This new expansion solidifies Mondevo Group's reputation as a leader in integrating advanced AI solutions into finance and technology, paving the way for future advancements in the industry.