Intouch

Axel Sategna is a Monegasque entrepreneur launching Monaco’s first social network. It’s called Intouch, it’s free, and it’s going live November 18.

WATCH VIDEO ABOVE: Axel Sategna talks about Intouch app.

Available soon from the App Store and Google Play, Axel says Intouch offers a simple solution to a universal problem: knowing what to do, where, when, and with whom – in just a few clicks.

The idea came to him during a business trip to Montreal where he spent a week interviewing for jobs in finance. He realised how difficult it was to find the right places to go out, where to go for a walk, or just to connect with others in person over coffee.

WATCH VIDEO ABOVE: Axel Sategna on how Intouch works.

“None of the existing social platforms – Meetup, Eventbrite, Instagram, LinkedIn, or others – truly filled that gap”, explains the 30-year-old. “Intouch’s mission is to fight boredom, reduce isolation, and bring people closer together through a living map of activities spanning sports, entertainment, culture, and volunteering.”

The bilingual go-getter became driven by an ambition to truly transform the way we connect but, like many startups, faced financial hurdles. Outside of his full-time job at UBS Monaco, he spends his waking hours developing the first social network developed and launched from Monaco with support from Monaco Boost.

After graduating from the International University of Monaco with a Master’s degree in Finance with a Hedge Fund & Private Equity option, Axel built a foundation in private banking, asset management, audit, and the Constitutional Reserve Fund of Monaco – with experience in both Monaco and Luxembourg.

He hopes the Intouch app will expand to other territories after finding success in Monaco.

WATCH VIDEO BELOW: Axel Sategna talks about special filters and chat group on Intouch.

Article first published October 19, 2025. All videos and photos of Axel Sategna copyright Good News Monaco.

Serena Benedetti Roy

Serena Benedetti Roy grew up in Monaco but created her first company, Kosmob, in China back in 2006. Only 22 at the time, she would spend the next four years developing and manufacturing her moped brand to sell in France.

“I did a student exchange in China when I was 13 and, even though I was young, I could tell the country had an exciting potential for development and it became my dream to work there,” recalls Serena. With a degree in industrial management at the French business school, Grenoble Ecole de Management, the entrepreneur had always been interested in both the technical and operational side of business. “Still today, my favourite professional activity is visiting factories to see how machines work.”

By 2011, the electric vehicle market in France was slowing and the French-Italian and Serena decided to enter the corporate world. She returned to Monaco and worked for ten years at Single Buoy Moorings (SBM) Offshore in Quality Assurance and Project Supply Chain.

It was four years ago at SBM Offshore that the idea for her latest startup, Akimba, came to light out of “personal necessity”. As she puts it, “I realised that I had a lot of nice clothes in my closet but I was reluctant to wear them at the office for two reasons – the embarrassment of perspiration stains and the dry-cleaning costs to get them out.”

Serena searched online for a solution to protect her clothes from sweat stains. “I found no-sweat T-shirts, mostly for men. So, I decided to do something about it.” She came up with The Fresh Bra™, a patent-pending bralette.

At the end of 2020, and expecting her first child, Serena opted for voluntary redundancy during SBM Offshore’s last round of downsizing. “I had a deep feeling this side project could turn into a real business. This product I was creating could improve the quality of life for many women, making them feel more confident in their clothes and allowing them to wear colours they would never dare to before. So, I took a leap of faith.” Akimba was founded in November 2021.

The soon to be 39-year-old (her birthday is August 28th) explains Akimba is inspired from the word akimbo, a standing position with your hands on your hips and your elbows pointing outward to create strength and courage. (Serena demonstrates in above photo.) “Posing like this makes you feel that anything is possible. And that’s the feeling I want to give to women who wear my products.”

But what exactly is “empowering lingerie”? Serena clarifies, “The Fresh Bra™ has been designed for maximum discretion, comfort and femininity. It is the first undergarment of its kind that not only supports the breast but also conceals sweat to keep your outfits looking perfect. All materials are plant-based and include anti-bacterial and fast-drying properties.”

Serena’s research unveiled a global market for active women with sweat issues – this includes everything from undergarments to professional treatments like botox and surgery – estimated at €3.5 billion. “I’m already working on different versions of The Fresh Bra™ and also some shorties to prevent thigh chafing.”

The serialpreneur launched The Fresh Bra™ last month on July 4th and hopes it will become a wardrobe game changer for 20,000 women in France and Europe within three years. “My 10-year vision is to be the first brand that pops into mind when you think of undergarments that are premium products and for empowering women – helping them feel more comfortable in their clothes and more confident in all aspects of their lives.”

Serena is counting on MonacoTech’s startup program to help Akimba reach these goals. “Entrepreneurship is quite lonely. I wanted to be surrounded by other entrepreneurs and decided to apply. MonacoTech has helped me to better structure my vision and the actions to achieve it. They have provided me with a sounding board for major decisions and given me good visibility in the local press.”

Akimba has no hires as of yet as Serena has been working with a freelance fashion designer, a pattern maker and a R&D company to develop the product. The polyglot (she speaks English, French, Italian and Chinese) reveals she took pattern making classes to have better control over product development. “My biggest learning curve has been to understand the ins and outs of the undergarment industry and the technical side of producing a piece of clothing.”

At the moment, the innovative bra is available online only but Serena is looking for retailers in Monaco and France to start selling Akimba products in the fall. She admits, though, that the supply chain is a major risk. “Recently prices of eco-friendly fabrics have surged. There are also not many manufacturers who can deliver high-quality standards for premium products like The Fresh Bra™.”

The Monaco Economic Board member believes that success is not only measured by your business’ bottom line but also by your happiness level. Her ultimate role model is Spanx founder Sara Blakely. “She’s not only a very smart entrepreneur but also a mom of four who has a lot of humour and empowers women in most of her activities.” Locally, Serena follows Marcela Kern @onboardwithmarcela. “I enjoy her energy, and her mix of professional and fun content. Plus, I get to learn a few things about the yachting industry.”

Tech-savvy Serena is also a big podcast enthusiast. So much so that in 2020, she started her own podcasts – Super Women of Monaco – to showcase the remarkable women in the Principality. “I also host the Akimba podcast to share the entrepreneurial journey of women who create brands and companies with the aim of helping other women.”

Article first published August 7, 2023.

Carlo App

It’s been nearly six years since Antoine Bahri launched Carlo, Monaco’s first mobile app that rewards consumers for buying goods and services locally. The Monaco resident wanted to create “a smart currency for Monaco” through an incentive program that offered a 5% cashback from purchases at one of the Carlo-affiliated shops in Monaco.

The engineer-turned-entrepreneur has always been motivated to build bridges for small and traditional businesses to digitally integrate and grow. Before Carlo, Antoine co-founded a payment application for the restaurant sector in Barcelona. “Entrepreneurship is a journey filled with ups and downs. It requires resilience and unwavering belief in the value you’re creating.”

Launched in July 2019, Carlo now works with 680 businesses, about 80% of all merchants in Monaco, according to Antoine, and can be downloaded from the App store. “We’ve also built a thriving community of approximately 80,000 users, including residents and those who interact regularly with Monaco. Over time, Carlo has evolved into a full-fledged payment solution for the principality, distinguished by its innovative closed-loop cashback program.”

Antoine admits one of the most meaningful moments of his career came when he onboarded merchants in Monaco he used to visit as a child. “Seeing those businesses join Carlo made me feel we were truly making an impact. Another unforgettable moment was the first time overhearing someone at a nearby table at the restaurant ask to pay with Carlo. Hearing them talk about it made me realise that the app had become part of daily life for many people.”

Antoine Bahri (front row, right) launched the Carlo App in July 2019. The company has grown to 16 people, including the development team as well as the teams in Bordeaux and Aix-en-Provence.

Antoine says the growth of the free Carlo App has been fuelled in large part by a strong partnership with the government of Monaco, which began after the Covid pandemic to support local merchants. “This collaboration has continued because Carlo has proven to be an effective tool for the government to boost local commerce and generate TVA.”

The government has argued recently that it is impossible to quantify how much TVA is generated by Carlo purchases that would not have occurred otherwise. “While it’s challenging to calculate the exact amount of TVA Carlo generates, we have several strong indicators,” Antoine highlights. “For instance, a survey we conducted with over 4,000 responses revealed that 50% of users’ shopping and 35% of their dining through Carlo would have taken place elsewhere – online or outside Monaco – if Carlo didn’t exist. Using these insights, we can estimate the new TVA Carlo has helped generate in Monaco, and the results indicate that the more likely scenario is a net positive outcome for the government.”

He also emphasises that the government’s support is directed at merchants, not Carlo. “We are the service provider delivering a payment and loyalty solution under the terms of a contract designed to benefit the local economy.”

The government of Monaco is currently debating whether to change the way in which the 8.6% Carlo platform fee is shared. At present, 1% is paid by the affiliated retailer while the State covers 7.6%, for a reported total of €10 million a year. It envisions that in 2025, the cost to retailers could rise to 3.6% with a possible cap on monthly spending.

Antoine remains confident in the government’s commitment to this partnership. “The collaboration has been a clear success, uniting merchants and consumers on one platform and fostering a vibrant local economy. That said, this is a new government, and it’s natural to review ongoing projects and explore ways to optimize them. On our side, we’re fully committed to working hand-in-hand with the government to find solutions that enhance the project while keeping the mission’s core values intact for the benefit of local merchants.”

For Antoine, the biggest challenge has been navigating the company through different phases of growth and external changes. “Challenges are also what drive us forward. They push us to learn, adapt, and create new features and solutions that keep Carlo innovative and relevant.”

Recently, Carlo introduced a new payment opportunity in Monaco for users to make donations directly to associations. “With thousands of users already accustomed to using the app for payments, this was a natural extension of our platform’s functionality,” Antoine states.

“Associations have been requesting an easy and digital payment solution for some time, and we’re thrilled to now provide one. Users can select their preferred association from a list of participating organisations and donate seamlessly without using or earning cashback, which remains exclusively dedicated to supporting local commerce.”

This initiative is already off to a great start. “We’re proud to have partnered with the Princess Charlene Foundation and the Rotary Club of Monaco for this launch, and we look forward to helping more associations streamline their fundraising efforts.”

Antoine also took the model beyond Monaco in 2023. “We successfully launched Carlo in Aix-en-Provence, where we now partner with more than 200 merchants. Most recently, in October 2024, we expanded to Bordeaux, where we’ve already onboarded 50 merchants. We’re excited to replicate and adapt this Monaco-born innovation in new markets.”

Now a team of 16 people, the company is also launching a white-label version of its payment solution, opening up opportunities for other industries like hotel groups, ski resorts, or any organization with a closed-loop network. “This is an exciting step as it allows us to extend the impact of Carlo’s technology to new sectors and geographies.”

In parallel to developing Carlo, Antoine has co-founded Maliz.ai, an AI solution focused on data sovereignty that allows companies to deploy AI tools on their own servers, giving them full control and protection over their data. “With Maliz.ai, organisations can create chatbots or other AI-powered solutions hosted within their own environment, ensuring security and transparency,” Antoine explains.

“We’re particularly focused on serving Monaco, where there’s a clear need for independent AI solutions that align with the principality’s emphasis on privacy and trust. Our mission is to empower companies in Monaco with cutting-edge, locally hosted AI tools that combine innovation with data security.”

Article first published on February 16, 2025. Feature photo by Nancy Heslin. Article photos courtesy of Carlo App.

Jess Rad

Jess Rad wanted to be a music teacher. Instead, the 2024 National Diversity Award nominee founded The WomenHood to tackle the unspoken challenges of womanhood, menopause and gender equity.

“The world needs more women in all the positions that decisions are being made. It isn’t just about getting women into leadership but we need to be powerful in our lives and all those places in order to have a trickle-down effect and change the world for the next gen,” says Jess, who is half Persian and grew up in Suffolk in the east of England.

The older sister to five siblings says she has always been an advocate of equality even though she had limited beliefs about building her own business. “My dissertation was on the ‘Deconstruction of the Working Woman’ because it perplexed me. I wanted to know how I could be a full-time mother, much like my mom, and the ambitious entrepreneurial person that I was, like my dad. I interviewed 20 senior leadership women at Disney where I worked and, fundamentally, the more they made, the more they outsourced.”

The 42-year-old says that, like most women, she is juggling a lot. “It’s extremely easy to continue to put the needs of everyone else above our own and most of us are pretty expert at that.”

When UK-based Jess became a mom in 2013, she had only been living in Brighton for a year and was keen to be part of her local community. On “one cold December evening” she brought together nine women, all strangers, at the local pub. The next time they were 15. Fast forward a few years and this group was nearly 250. “My conversations with dozens of women were clearly showing me how often we were struggling with a similar challenge, yet due to society shrouding it in shame or secrecy; or perhaps due to the time-poor nature of our lives, we were failing to have the time and space to explore these challenges that were impacting our daily quality of life and often our long-term health.”

Photo: Hayley Samartin

After quitting her job, “and with the help of seven amazing women”, Jess set up The WomenHood in 2019. “I advocate for 1% change because I know how inaccessible change can feel to many women today. The first Unspoken Session was held in November, connecting women with amazing female experts to help them stop, listen, learn, share and reflect on their own lives. It was a huge success and since then every guest of every session has said they would recommend us to a friend.”

Through live virtual experiences called The Unspoken Sessions (like Unspoken Women Lives on Instagram), The WomenHood platform connects and supports women on everything from women’s health issues and financial wellbeing to perfectionism and people pleasing. It tackles the hidden realities of relationships, undiagnosed neurodiversities, the confidence gap, burn out and boundaries.

The social entrepreneur also launched The WomenHood at Work “to enable employers to unite their teams and collectively find new ways to support women, while increasing compassion, solidarity and empathy amongst all staff via unspoken conversations.”

But the subject she regularly returns to is the menopause “because it is the one unspoken challenge that every woman will encounter”. This led to the creation of The Menopause Collection. “I was diagnosed with premature menopause at 38 in 2020, so I know first-hand how destructive yet transformative this transition can be in a woman’s life,” emphasises Jess, who is a UK Delegate to the United Nations Commission on the Status of Women.

“It’s a crying shame that women are benchmarked against the male characteristics. Women are going through their lives without fully understanding their own neurobiology, their own physiology … and I think women are suffering needlessly.’

Jess points out the most common thread is a lack of education and awareness of perimenopause. “There are 34 symptoms, many of which are not known, and with the cognitive ones often beginning first – such as anxiety, insomnia, memory loss –– it’s very difficult to disentangle what feels like unsurprising experiences that many women feel while juggling work/life/children/relationships/and the many demands on them. So the most regular conversation I have with women is helping them understand how to identify it in themselves and find help from a GP or nutritional therapist.”

The Amaze Charity Ambassador adds, “I feel fortunate to have been a part of this menopause revolution from the beginning and to now be very connected to many founders and talented experts in this area. So much so that, in addition to the Menopause Collection on the website there is also Menopause at Work, for businesses to enable organisations to support their female staff.”

Jess Rad with The WomenHood advisor Lisa Ardley-Price. Photo: Hayley Samartin

Jess admits she is also fortunate to have “an extremely loving and supportive family who have been my rocks” especially over the past few tumultuous years, which included divorce and discovering neurodivergent traits last year. “My Mum, always at the end of the phone to listen and reassure. My sister Victoria immediately shining a light on the opportunity to become ‘the architect of my own life’. And my Dad who forced me to think five years ahead. Very difficult, when you can barely see past the day in front of you.”

She decided to start open water swimming. “I really don’t like the cold, I’m not a strong swimmer and generally wasn’t really an outdoorsy kind of person. However, I got in and absolutely loved it! Of course, I had chosen the right month to start, September is the warmest month of the year.”

She met some other women via the Salty Seabirds community and as autumn began “not only did the cold water undoubtedly and immediately increase my stress resilience and totally change my mood but the connections I’d made with the regulars in our little group became deep and important friendships, too.” They formed their own group, the Early Birds and they’d meet at 6:30 am to swim, regardless of the weather, waves or darkness.

“These early morning winter swims really did change my life. Having also never been a morning person, I found myself getting up at 6 am several times a week, at times having to de-ice the car or wear two coats due to the bitter cold, to go and meet these amazing women in the pitch black and strip down to a swimsuit and face the waves, and our fears, lit only by the moonlight.

“There was something quite magical under these circumstances. So early in the morning. No time or need for make up or to do your hair. No clothes to identify, define or separate us. Just a swimsuit and some gloves and boots. United by our courage and resilience to keep going in despite the height of the waves, despite our fears of the cold, or what may lay beneath. Time again, we showed ourselves and each other how capable we were. My mantra in my head each time was: ‘If I can do this, I can do anything. If I can do this, I can do anything.’ And with those women by my side, I did.” Jess and some of the Early Birds went on to become swimrunners and crossed the Finish Line at the 2022 ÖtillÖ Isles of Scilly Experience Swimrun.

Public speaker Jess has been nominated for the 2024 National Diversity Awards as a Positive Role Model for Gender, in association with ITV (you can vote here.) “I’ve learned you shouldn’t try to do it all. A founder has the idea but you can’t be great at everything so you have to find other people. Recruit for your weaknesses.”

Article first published May 4, 2024. Photos copyright Hayley Samartin.