BankTech Ventures, a strategic investment fund transforming community banking through innovative investments, announced its recent investments in three bank-enabling technology companies: Equabli, Filejet, and Monit. These investments deliver essential solutions personalized to address critical challenges faced by community banks, including the impending increase in customer delinquencies and attracting and retaining small-to-medium-sized businesses (SMBs) and adding more value to them.
Of the companies BankTech invests in, many are leading the charge in their industries while helping banks stay competitive in the space. For example, Equabli mitigates customer delinquency and default with a comprehensive suite of solutions for banks, streamlining the payment, debt collection, and recovery process. And Filejet helps banks attract and retain SMB customers by providing unique compliance capabilities with legal entity reporting requirements. Plus, Monit’s two-sided platform allows banks to provide a suite of embedded ‘Digital CFO’ tools to their SMB customers while surfacing analytics and targeted insights to bankers to facilitate deeper, more profitable relationships across the business segment.
With over 100 banks in the BankTech Ventures Fund, more than 1,000 companies in the pipeline, and 20 investments so far, the firm is on a mission to help community banks transform across every key area. Formed collaboratively by seasoned bankers and fintech entrepreneurs, BankTech Ventures’ core purpose is making community banks better by identifying, validating, de-risking, and investing in groundbreaking solutions tailored to the unique demands of community banks.
KEY QUOTE:
“We are excited to support committed entrepreneurs building compelling solutions for community banks, and we welcome these three companies to the BankTech ecosystem. As we approach our three year anniversary, we’ve been thrilled with the progress our companies have made in advancing community banks on their digital transformation journeys, and we are equally pleased to see these banks gaining confidence in adopting these solutions for the benefit of both the banks and their customers. By investing in these forward-thinking companies, BankTech Ventures reaffirms its commitment to equipping community banks with the leading, high-impact tools and technologies necessary to thrive in an increasingly competitive financial landscape.”
- Carey Ransom, Managing Director
