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Chris Bracken Named CEO of Momnt, Ushering in New Growth
Slice of Finance Team
20 Jun
Key Highlights:
Chris Bracken appointed as CEO of Momnt.
Significant capital investments from Saluda Grade Ventures, Rockefeller Asset Management, and TruStage Ventures.
Barclay Keith named Special Advisor to the Board.
Source (Business Wire)
Notable Quotes
“Chris’s deep understanding of the consumer lending landscape and proven track record in driving growth make him an invaluable partner.”
“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.”
“Saluda Grade is excited to see Chris Bracken guide Momnt through the next stage of its growth.”
Our Take:
The appointment of Chris Bracken as CEO of Momnt signifies a strategic move to leverage his extensive experience in consumer lending to drive further growth. This leadership change, combined with substantial investments from renowned firms like Saluda Grade Ventures, Rockefeller Asset Management, and TruStage Ventures, underscores Momnt's robust position in the Home Improvement and Healthcare lending markets. Bracken's proven track record, coupled with the support of Co-Founders Barclay Keith, Brian Lanehart, and Lena McDearmid, positions Momnt to continue setting new standards in embedded lending solutions. This transition highlights Momnt’s commitment to innovation and excellence in providing seamless, low-friction financing options, reinforcing its role as a pivotal player in the fintech industry.