Momnt is a financial services technology platform that provides embedded lending and point-of-sale financing, enabling merchants to offer simple, fast, and affordable financing. Its core product is an embedded lending solution that integrates with merchants to extend personalized financing to consumers and generate new revenue for financial institutions. Momnt has formed a joint venture with Saluda Grade to acquire Momnt-facilitated home improvement loans and broaden institutional support for the asset class via securitization. The JV recently closed an asset-backed revolving warehouse facility of up to $200 million from Macquarie Group to increase capacity to purchase loans and scale access to home renovation financing. Momnt launched its platform in 2020 and is headquartered in Atlanta, and the company is described in the press release as a preeminent market leader in point-of-sale financing. The company is pursuing continued growth through securitizations (including the recently announced MMNT 2023-1) and institutional warehouse financing. Momnt offers a state-of-the-art financial services technology platform that enables merchants to provide embedded lending and diverse financing products through a seamless point-of-sale experience. The company launched its platform in 2020 and has focused on the home improvement industry, positioning itself as a market leader in point-of-sale financing. Momnt’s core product facilitates home improvement loans between merchants and homeowners via its embedded lending solution. The company is expanding its home improvement business and pursuing broader institutional support of the asset class through securitization. A new warehousing facility is intended to increase capacity to purchase Momnt-facilitated loans and improve access to renovation financing for U.S. homeowners. Momnt emphasizes supporting small businesses that rely on its financing platform. Momnt is a financial services technology platform that enables merchants to offer embedded point-of-sale lending and payment products. Headquartered in Atlanta, the company launched its platform in 2020 in the home improvement industry and has grown to be a market leader in point-of-sale financing. Momnt announced the closing of a $15 million capital raise and has previously raised $16.5 million in prior rounds from investors including Yamaha Motor Ventures, Saluda Grade Ventures, and TruStage Ventures. The company plans to use the new capital to invest in people, processes, and technology and to continue growing its team. Momnt is pursuing expansion into new verticals and intends geographic and product expansion as part of its growth strategy. The company has also received multiple workplace recognitions in 2023, including listings on Inc. Magazine and local Best Places to Work lists. Momnt operates an API-based fintech platform that presents custom, real-time loan offers to individual borrowers at the point of purchase, leveraging alternative data and ML/AI-informed decisioning. The company launched its platform in 2020 (formerly Artis Technologies) and has focused initially on the home improvement industry while expanding into healthcare and patient finance. Momnt enables financial institutions to deploy excess capital by originating consumer loans through merchant networks, making merchants the face of financing during purchases. The company plans to use the new capital to invest in people, processes, and technology and to add new financial products and industry verticals both domestically and internationally. Momnt reported growth to more than 100 employees and says it has achieved significant financial and operating milestones. Headquartered in Atlanta, the business emphasizes seamless, secure connections between lenders and distribution channels.

Total raised

$375M

Funding rounds

4

Latest round

Debt Financing

Latest activity

Jan 2024