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Monumint Raises $3.2 Million After Pivoting From OmniAI to Bank AI Agents
The startup pivoted from its prior OmniAI product and secured backing from FundersClub, Y Combinator, and Imagination Capital. It now has 20 paying customers and plans to expand engineering and sales teams.
Jul 9, 5:00 AM·1m read2 sources
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Monumint raised $3.2 million in seed funding from FundersClub, Y Combinator, and Imagination Capital, Insider reported. The round followed the company's pivot from its earlier OmniAI product to conversational AI agents that handle loan applications and other workflows for banks, credit unions, and lenders.
CEO Tyler Maran and chief technology officer Anna Pojawis, who met nearly a decade ago in a CIBC analyst training program, spent the past 10 months building Monumint after concluding OmniAI lacked a path to a $10 billion or $100 billion outcome.
Late last year they shared a new pitch deck with existing investors, who responded positively and provided introductions that included a potential large customer. The agents answer questions, collect information, and manage tasks such as coordinating applications across multiple business owners and updating beneficiaries.
Monumint now serves 20 paying customers, including Lendio, ByzFunder, and Community Bank, and employs six people.
The company intends to use the proceeds to grow its engineering and sales teams.
