BOSTON — Apr. 15, 2021 — Monit, the award-winning mobile financial platform for small businesses, announced that it has closed a $5.2 million round of pre-Series A financing led by well-known fintech fund TTV Capital. Runway Venture Partners, Correlation Ventures, and private investors William Ruh and Joe Proto also participated in the round. Monit will use the investment to expand and meet the high demand for its bank-focused services, to banks ranging from small community banks to top ten multinational banks. Monit will also add significant fintech expertise to its board of directors with this round. Mark Johnson, TTV Capital General Partner, Anna Garcia, General Partner at Runway Venture Partners, and William Ruh, board member at nCino, will join the Monit board.
Murphy Bova Client Monit Closes $5.2 Million Equity Financing