Momnt Extends Lending Platform with Merchants, Expands Partnerships
The company celebrates executive team growth, increased lending opportunities, and local recognition for continued innovation in 2024
Momnt, a leading fintech company specializing in real-time lending and payment solutions, celebrates another successful year of business growth and deepened relationships with partners and merchants.
Notably, in 2024, Momnt named Chris Bracken, promoted from Chief Revenue Officer, as the company’s new CEO. Since Bracken’s appointment to CEO, he, along with the co-founders Lena McDearmid, COO, and Brian Lanehart, President/CTO, has led the team through continued excellence in serving home improvement and healthcare merchants’ needs while strengthening relationships with partners and lenders. Specifically, in 2024, Momnt:
- Closed an asset-backed revolving warehouse facility of up to $200 million
- Appointed Kevin Cooper to Chief Financial Officer
- Named John Stepp as Chairman of the Board
- Added Lena McDearmid to the Board
- Added Ryan Craft to the Board
- Passed $1 billion in loans originated on the platform
- Was named Atlanta’s Fastest Growing Company by the Atlanta Business Chronicle’s Pacesetter Awards
- Crossed the 5-year mark, solidifying the company’s position in the market
“As volatile macroeconomic conditions continue to evolve, so does Momnt,” said Bracken. “In 2024, we found the opportunity to refine how we partner with our lenders and merchants to support each party’s success. This year, we’re continuing to build these relationships, further develop our platform’s backend technology, and identify new growth areas to ensure our stakeholders’ needs are met.”
Supplementing Momnt’s business successes in 2024, the company was also recognized for its achievements, including:
- Being named as a Best Place to Work by Built-In
- Earning a spot among the Technology Association of Georgia (TAG) Top 40 Most Innovative Companies
- Winning the TAG Innovation Driven Company Startup award
- Maintaining a 4.7 Google rating from customers
The evolution of the lending market has uniquely positioned Momnt to lead the shift toward embedded finance. Today, Momnt reaches more than 50,000 consumers through over 3,000 merchants across the majority of the United States. The company will continue to seek strategic growth opportunities to expand its ability to provide simple, accessible, and secure lending to consumers in the moment of need.
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