Chris Bracken has been appointed as the new CEO of Momnt, a prominent fintech company known for its real-time lending and payment solutions. This leadership transition follows substantial capital infusions from Saluda Grade Ventures, Rockefeller Asset Management, and TruStage Ventures, further establishing Momnt's position in the home improvement and healthcare lending sectors.
Bracken has a wealth of experience in consumer financing, having previously served as Momnt's Chief Revenue Officer. His leadership is anticipated to be instrumental in the company's expansion by leveraging the most recent disruptions in the moment-of-need lending industry. The objective of Bracken, in collaboration with Co-Founders Brian Lanehart and Lena McDearmid, is to optimize Momnt's embedded lending solution by utilizing their technical and operational knowledge. The purpose of this solution is to provide consumers with financing options that are both affordable and low-friction at the time of need.
"Momnt is leading the way in the moment-of-need financial services space, and I am honored to continue the work our leadership team and employees have done to establish Momnt as a trusted partner for so many home improvement contractors, healthcare professionals, lenders, and capital providers," Bracken remarked. Momnt’s financial technology platform revolutionizes the way merchants offer financing, providing businesses with a seamless and efficient experience to offer affordable financing options to customers. This latest strategic appointment and investment underscore Momnt's commitment to maintaining its position at the forefront of the fintech industry.
