Momnt raises $15 million
Fintech startup Momnt announced the closing of a $15 million round led by TruStage Ventures, with participation from Saluda Grade Ventures, existing investors, and a new investment from a fund within Rockefeller Asset Management.
Headquartered in Atlanta and launched in 2020, Momnt offers an embedded lending solution for businesses that wish to provide financing options to their customers. The startup is mainly focused on the home improvement sector.
“Momnt has been at the forefront of embedded lending innovation since its inception. 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.” – Sam Das, managing director of TruStage Ventures.