Momnt provides a fully digital financing platform for home‑improvement contractors, allowing them to send loan applications via SMS or email and give customers soft‑pull pre‑qualified offers within minutes. The service offers access to 40+ loan products, same‑day or next‑day ACH funding, and a closed‑loop system that ensures funds are used only with the originating contractor, helping merchants increase sales and manage cash flow without startup fees.
Funding
$15M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
1OTFounders
Product
Problem
Home improvement contractors often struggle to offer quick, affordable financing to customers, leading to lost sales and delayed project cash flow. Traditional financing processes are cumbersome, require credit checks that affect scores, and lack integration with contractors’ workflows.
Solution
Momnt delivers a fully digital financing platform that lets contractors send loan applications via text or email, enabling customers to receive soft‑pull pre‑qualified offers within minutes. Borrowers can compare multiple loan products—including deferred interest, fixed‑rate, and zero‑interest options—without impacting their credit score. Once a loan is selected, funds are disbursed through same‑day or next‑day ACH, and payments are tracked in real time. The closed‑loop system ensures loan proceeds are spent only with the originating contractor, simplifying cash‑flow management and accelerating project timelines. Contractors access a merchant portal and API that provide real‑time loan data, flexible staged funding, and dedicated support, all with no enrollment fees.
Target Audience
Primary customers are home‑improvement contractors and merchants (e.g., kitchen & bath, roofing, HVAC, windows & doors) who need to offer financing to homeowners, as well as financing partners seeking a white‑label embedded solution.
Features
- 100% digital application sent via SMS or email, approved in minutes with soft credit pulls
- Access to 40+ loan products across four categories (deferred interest, fixed payments, fixed rates, zero interest)
- Same‑day and next‑day ACH funding with flexible staged draw schedules
- Closed‑loop financing that restricts loan use to the contractor’s services
- Real‑time loan dashboard and API delivering loan invitations, payment activity, and statements
- No startup costs or recurring monthly fees; competitive dealer fee structure
- White‑label and embedded API options for partners to brand the financing experience
- Dedicated merchant success team and extended support hours