Momnt Expands Fintech Offerings and Strengthens Merchant Ties
Momnt Expands Fintech Offerings and Strengthens Merchant Ties
Momnt, a leading fintech company specializing in real-time lending and payment solutions, has recently celebrated a remarkable year focused on business growth and building stronger relationships with partners and merchants. This exciting momentum underlines the company's commitment to innovation in the lending market.
Leadership Changes Positively Impact Growth
This year marked a significant leadership development as Chris Bracken transitioned from Chief Revenue Officer to the role of CEO. Under his guidance, alongside co-founders Lena McDearmid, COO, and Brian Lanehart, President/CTO, Momnt has achieved incredible strides in meeting the needs of home improvement and healthcare merchants. The company has ensured that its partnerships with lenders and merchants are robust and mutually beneficial.
Notable Achievements and Milestones
In an outstanding display of momentum, Momnt accomplished several notable milestones in 2024:
- Closed a substantial asset-backed revolving warehouse facility up to $200 million.
- Appointed Kevin Cooper as Chief Financial Officer, bringing fresh financial insights.
- Named John Stepp as Chairman of the Board, enhancing strategic oversight.
- Added leaders Lena McDearmid and Ryan Craft to the Board, diversifying direction.
- Surpassed the significant $1 billion mark in loans originated via its platform.
- Honored as Atlanta’s Fastest Growing Company by the Atlanta Business Chronicle’s Pacesetter Awards.
- Crossed a five-year milestone, cementing its position within the fintech market.
CEO Chris Bracken offered insights into their evolving strategy, stating, “As volatile macroeconomic conditions continue to evolve, so does Momnt.” He articulated the company's ambition to refine partnerships, further develop technology, and explore new growth areas to address stakeholders' needs effectively.
A Recognition of Excellence
In addition to its financial achievements, Momnt's workplace culture has shone brightly this year:
- Recognized as a Best Place to Work by Built-In, reflecting employee sentiment.
- Listed among Technology Association of Georgia (TAG) Top 40 Most Innovative Companies, showcasing industry impact.
- Won the TAG Innovation Driven Company Startup award, epitomizing creativity and foresight.
- Maintained an impressive 4.7 Google rating from satisfied customers.
The current evolution within the lending market positions Momnt to spearhead the shift towards embedded finance, promoting seamless lending solutions across various platforms. Today, Momnt services over 50,000 consumers via more than 3,000 merchants throughout a significant portion of the United States.
About Momnt
Momnt is revolutionizing the financing landscape through its state-of-the-art financial services technology platform. By utilizing an embedded lending solution, Momnt empowers businesses to provide their customers with simple, fast, and cost-effective financing options seamlessly. This creates pathways for merchants to boost growth, offers tailored financing opportunities to their customers, and opens new revenue streams for financial institutions. For more information, visit momnt.com.
Frequently Asked Questions
What is Momnt's primary business focus?
Momnt specializes in real-time lending and payment solutions, targeting the needs of merchants in home improvement and healthcare.
Who has recently joined Momnt's leadership team?
Kevin Cooper has been appointed as Chief Financial Officer, and John Stepp is now the Chairman of the Board.
What milestone did Momnt recently surpass?
Momnt surpassed the $1 billion mark in loans originated on its platform.
What recognition has Momnt received this year?
This year, Momnt was named Atlanta’s Fastest Growing Company and recognized as a Best Place to Work.
How does Momnt support merchants?
Momnt provides embedded lending solutions that enable merchants to offer fast and accessible financing options to their customers.
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