BankTech Ventures, a strategic investment fund redefining the landscape of community banking through innovative investments, has announced its recent investments in three bank-enabling technology companies: Equabli, Filejet, and Monit.
These investments aim to deliver essential solutions tailored to address critical challenges faced by community banks, such as the impending increase in customer delinquencies, attracting and retaining small-to-medium-sized businesses (SMBs), and adding more value to them.
BankTech Ventures managing director Carey Ransom said, “We are excited to support committed entrepreneurs building compelling solutions for community banks, and we welcome these three companies to the BankTech ecosystem.
“As we approach our three year anniversary, we’ve been thrilled with the progress our companies have made in advancing community banks on their digital transformation journeys, and we are equally pleased to see these banks gaining confidence in adopting these solutions for the benefit of both the banks and their customers. By investing in these forward-thinking companies, BankTech Ventures reaffirms its commitment to equipping community banks with the leading, high-impact tools and technologies necessary to thrive in an increasingly competitive financial landscape.”
Equabli addresses customer delinquency and default by offering banks a comprehensive suite of solutions that streamline payment processing, debt collection, and recovery operations.
On the other hand, Filejet assists banks in attracting and retaining SMB customers by delivering unique compliance capabilities tailored to legal entity reporting requirements.
Finally, Monit’s dual-sided platform equips banks with embedded ‘Digital CFO’ tools for their SMB customers, while providing bankers with analytics and targeted insights to foster deeper and more profitable relationships within the business segment.
With more than 100 banks in the BankTech Ventures Fund, over 1,000 companies in the pipeline, and 20 investments to date, the firm is committed to transforming community banks across all key areas. Founded through the collaboration of seasoned bankers and FinTech entrepreneurs, BankTech Ventures aims to enhance community banks by identifying, validating, de-risking, and investing in groundbreaking solutions tailored to their unique needs.
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