Monit

01 Aug 2021
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Monit

01 Aug 2021

Key takeaways

HQ: Boston, MA

Founded: August 2019

Product Demoed: Monit

Metrics: 2020 YE Estimated Annual Recurring Revenue: $1M+; Traction: Launched Eastern Bank implementation of Monit and additional bank distribution deals underway launching into 2021; three non-bank distribution agreements in negotiations; IP: Patents pending on predictive cashflow platforms which combine algorithmic projections using historical data, heuristics, and human guesses and certainty regarding future events