About Monit
Monit is a company based in Boston (United States) founded in 2019 by Sean Collins. It operates as a SaaS (Software-as-a-Service) and FinTech. Monit has raised $9.54 million across 4 funding rounds from investors including 1982 Ventures, TTV Capital and Runway Venture Partners. Monit offers products and services including SMB Analytics Platform, Banker Intelligence Platform, Accounting Insights, and MoniCore Transaction Data Insights. Monit operates in a competitive market with competitors including Anaplan, DreamQuark, FNA, Coviance and FI Navigator, among others.
- Headquarter Boston, United States
- Founders Sean Collins
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Signal Financial Technologies, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$9.54 M (USD)
in 4 rounds
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Latest Funding Round
$3.59 M (USD), Series B
Mar 15, 2024
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Investors
1982 Ventures
& 5 more
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Employee Count
Not available
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Products & Services of Monit
Monit offers a comprehensive portfolio of products and services, including SMB Analytics Platform, Banker Intelligence Platform, Accounting Insights, and MoniCore Transaction Data Insights.
Platform providing analytics for small business financial insights.
Tool offering bankers insights for client relationship growth.
Service delivering accounting data analysis for business decisions.
Solution analyzing transaction data for revenue opportunity identification.
People of Monit
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Funding Insights of Monit
Monit has successfully raised a total of $9.54M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $3.59 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Monit
Monit has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include 1982 Ventures, TTV Capital and Runway Venture Partners.
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Early-stage fintech investments are focused on in Southeast Asia.
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Investments are made by TTV Capital in early-stage fintech companies.
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Early-stage seed investments are made in SaaS and software businesses.
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Investor details for Monit
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Investments & Acquisitions by Monit
Investment portfolio details for Monit
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Financial Statements - Monit
Detailed financials for Monit
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Monit Comparisons
Peer comparison for Monit
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Competitors of Monit
Monit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Anaplan, DreamQuark, FNA, Coviance and FI Navigator, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Operational planning and forecasting solutions are offered to businesses.
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AI-based data monitoring solutions are provided for financial services.
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Cloud-based risk management solutions are provided for financial institutions.
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Home equity lending automation technology is provided for streamlined workflows.
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Bank data and analytics platform for the banking Industry
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Detailed competitors of Monit
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Latest news on Monit
Complete news archive for Monit
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Frequently Asked Questions about Monit
Monit was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Monit is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Monit is a funded company, having raised a total of $9.54M across 4 funding rounds to date.
Monit is engaged in delivering innovative financial technology solutions for bankers and small to medium-sized businesses (SMBs). The company operates within the fintech sector, offering platforms like SMB Analytics and Banker Intelligence to enhance client relationships and drive revenue growth. Solutions provided by Monit include transaction data insights through MoniCore and accounting analytics, enabling banks to identify hidden revenue opportunities and strengthen SMB engagement. The platforms are designed to surface competitor impacts, provide timely financial advice, and transform data into growth opportunities for banking institutions.
Monit offers SMB Analytics Platform, Banker Intelligence Platform, Accounting Insights, and MoniCore Transaction Data Insights.
Monit has 6 investors. Key investors include 1982 Ventures, TTV Capital, Runway Venture Partners, Correlation Ventures, and William Ruh.