Monit logo — Enabling banks to attract, deepen, and grow relationships wi...

Monit

Enabling banks to attract, deepen, and grow relationships with their business clients

Founded 2019 United States Boston, United States 26 employees Venture round Total: $14.28M Analytics, Fintech +2

General Information

Company Name Monit
Founded Year 2019
Location United States Boston, United States
Employees 26
Industries Analytics, Fintech, SaaS +1
Funding Stage Venture round
Social

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About Monit

Monit is an award-winning financial intelligence platform catering specifically to leading financial institutions looking to enhance their relationships with business clients. The platform offers 'digital CFO' tools and advanced analytics for bankers and marketing teams. Monit's two-sided platform provides small and medium-sized businesses with desirable features such as cashflow forecasting, industry benchmarking, and business valuation, while also equipping bankers with data-driven relationship deepening tools. Founded in 2019 and headquartered in Boston, MA, Monit has secured a $2.30M Venture Round investment on 15 March 2024, backed by investors including TTV Capital, JAM FINTOP, Runway Venture Partners, Correlation Ventures, and bank partners. The company's focus on empowering banks and credit unions to excel in the competitive SMB market positions it as a promising player in the Fintech, SaaS, and Banking industries.

Business keywords: financial intelligence platform, banking technology, SMB market, digital CFO tools, relationship management, data-driven insights, banking solutions, cashflow forecasting, industry benchmarking, business valuation, private funding, investments, Boston-based, US-based team

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round $3.59M 1
BankTech Ventures
15 Mar 2024
Seed Round $1.75M -
27 Apr 2023
Seed Round $3.75M -
03 Jan 2022
Seed Round $5.20M 6
Runway Venture Partners, Correlation Ventures +4
13 Apr 2021
Non Equity Assistance Undisclosed 1
MassChallenge
17 Dec 2020

Monit Alternatives & Competitors

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Monit vs

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PlanGuru
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FAQ About Monit

Enabling banks to attract, deepen, and grow relationships with their business clients
Monit was founded in 2019.
Monit is headquartered in Boston, United States.
Monit operates in Analytics, Fintech, SaaS and Banking. Its work centres on financial intelligence platform, banking technology, SMB market and digital CFO tools.
Monit has approximately 26 employees.
Monit has completed 5 funding rounds, raising a total of $14.28M. The latest funding stage is Venture round.
Top alternatives and competitors to Monit include upSWOT (Acquired by Uptiq), Powerlytics, PlanGuru, Valutico, PrecisionLender. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Monit and upSWOT (Acquired by Uptiq) are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Monit, https://bouncewatch.com/company/monit, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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