Atlanta, GA – January 21, 2021 – Momnt formerly known as Artis announced its participation in the Independent Community Bankers of America (ICBA) third annual ICBA ThinkTECH Accelerator, in partnership with The Venture Center. The ICBA ThinkTECH Accelerator program fosters fintech-community bank collaboration.
“Momnt is excited to join the ICBA ThinkTECH Accelerator program to help community banks offer new technology to better serve their local businesses and consumers,” said Barclay Keith, CEO at Momnt. “Community banks help businesses drive growth and we want to provide them with innovative technology that helps drive demand to their business customers while capturing the moment the consumer needs financing.”
Momnt powers real-time lending and payment solutions that enable banks to drive demand to businesses by offering consumer financing at the point of need. With its Momnt Connect platform, financial institutions can offer downstream credit through their existing merchant client base via a mobile-friendly platform. Merchants then become the “face of financing” to the consumer, offering loans originated by the community bank at the point when the consumer is making a purchasing decision. This approach helps drive demand for the merchant; extends creative, well-structured financing to the consumer; and generates new revenue sources for the bank.
“Momnt was chosen from hundreds of candidates for this year’s program based on the merit of its offering, along with the talent and dedication of its founders, which all share our vision of blending technology with relationship banking and standout service to deliver the ultimate customer experience,” ICBA Senior Vice President and Chief Innovation Officer Charles Potts said. “We’re excited to share this relevant and timely solution with our community bank members and look forward to a long and productive relationship that delivers on the promise of innovation at a time when the customer experience is rapidly changing.”
“We are proud to partner with ICBA in selecting the cohort to help enhance community bank innovation, which will benefit local communities,” Wayne Miller, executive director of The Venture Center said. “For fintechs seeking meaningful relationships, the ICBA ThinkTECH Accelerator provides an abundance of opportunity.”
To learn more about the ICBA ThinkTECH Accelerator program visit icba.org/thinktech/accelerator.
Momnt powers modern lending solutions for businesses to provide affordable, low-friction financing to their customers at the point of need. Its API-based platforms creatively leverage alternative data sources and ML/AI-informed decisioning to present real-time loan offers fit to each individual borrower, all done within the banking industry’s current regulatory infrastructure. Visit momnt.com for more information.
The Independent Community Bankers of America creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.
With nearly 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, over $4.4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.
About The Venture Center
The Venture Center’s immersive accelerator programs are designed to accelerate the growth of early-to-late stage companies and help validate their solutions for real-world problems. Our methodology provides a unique opportunity to connect with community bank executives, receive seed investment, and learn from a comprehensive curriculum aiding in strategically addressing go-to-market, business, and finance challenges. Learn more at www.venturecenter.co. Follow The Venture Center on Facebook, LinkedIn, Twitter (@VentureCenter), and Instagram.
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