Monit (Accelerator)

Company Description: Monit is an embedded fintech platform focused on growing the SMB segment for banks. We help define opportunity gaps within your existing SMB portfolio while attracting net new customers. We do this by offering a suite of embedded cashflow tools such as forecasting, industry benchmarking, scenario planning, and “Digital CFO-like” insights. All of this is done without touching the core, but instead by plugging into a business owner's accounting package (Quickbooks, Xero, Sage, etc). We also have additional data sources compiled from IRS tax returns and have ability to see transaction data through the general ledger. For the bank, we serve up our analytics through your existing CRM or Loan Origination System (Salesforce, Dynamics, etc) and provide an award winning UX for the SMBs through their online digital banking provider (Q2, JH Banno, Apiture, etc). At the end of the day, we help banks: - Reduce risk in their SMB portfolio - Drive lending, deposit, and non-interest fee revenues - Build deeper relationships with clients, including protecting against digitally aggressive large banks - Simplify it all through integration into existing client/banker engagement platforms