Momnt
Momnt is a fintech platform that simplifies lending for businesses and financing for consumers. Their mission is to improve financial services, empowering individuals to achieve their financial goals. Momnt's technology leverages ML/AI and alternative data sources to create a better, real-time financing experience for customers, offering affordable payment options and improving merchants' bottom lines. They also offer partnership opportunities for referral, white-label, and embedded solutions, allowing partners to integrate Momnt's technology seamlessly under their own brand.
Momnt
Momnt is a fintech platform that simplifies lending for businesses and financing for consumers. Their mission is to improve financial services, empowering individuals to achieve their financial goals. Momnt's technology leverages ML/AI and alternative data sources to create a better, real-time financing experience for customers, offering affordable payment options and improving merchants' bottom lines. They also offer partnership opportunities for referral, white-label, and embedded solutions, allowing partners to integrate Momnt's technology seamlessly under their own brand.
TL;DR
Headquarters: Atlanta, Georgia
Founded: 2020
Core product: Embedded, API-driven point-of-need lending and payments for merchants (home improvement focus)
Tech: ML/AI and alternative data for real-time underwriting and offers
Recent funding: Series C announced Sep 6, 2023; total reported funding ~$33M
Company Overview
Problem Domain
Point-of-need consumer financing and merchant payments, primarily for home improvement contractors.
Founded
2020
Industry
Fintech
Tech Stack
Funding Track Record
$7,000,000
Series A announced July 21, 2021; included follow-on from CMFG Ventures, Fintech Venture Fund, and ICBA
$9,500,000
Described as a strategic investment to support expansion into new verticals
$15,000,000
Reported as a subsequent investment led by TruStage Ventures
Latest funding round announced on Sep 6, 2023; Crunchbase records list TruStage and Saluda Grade among recent investors
Investor Signal
“Includes strategic investors and financial partners such as Saluda Grade Ventures, TruStage Ventures, Yamaha Motor Ventures, CMFG Ventures, Fintech Venture Fund, and ICBA”