Merchant lender Momnt raises $15m

Leading FinTech Momnt has announced that is has secured $15m in its latest capital raise, as it looks to shape the future of financial technology.

The Atlanta-based organisation raised the funds with support from investment leaders TruStage Ventures, as well as participation from Saluda Grade Ventures, existing investors, and a new investment from a fund within Rockefeller Asset Management.

The firm, which specialises in real-time lending and payment solutions for businesses, believes it is now better poised than ever to drive transformative changes in lending and financing.

Barclay Keith, CEO and Co-Founder of Momnt, said: “Momnt is committed to shaping the future of financial technology by providing innovative solutions that empower businesses and customers alike.

“With this investment, we are better poised than ever to drive transformative changes in lending and financing and we’re excited to welcome Rockefeller Asset Management as an investor.”

Momnt launched its platform in 2020 in the home improvement industry and has since grown to become one of the preeminent market leaders in point-of-sale financing.

“Momnt has been at the forefront of embedded lending innovation since its inception,” said Sam Das, Managing Director of TruStage Ventures.

“The team has proven to be a collaborative partner to its merchants and financial institutions, built on a foundation of leveraging the latest technologies to drive frictionless experiences for consumers. This capital raise will further establish Momnt as the best-in-class solution for point-of-need financing now and well into the future.”

Momnt’s leadership team is committed to maintaining the strong growth trajectory witnessed over the last four years.

The company is looking to extend its presence into new verticals, capitalising on industry opportunities

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