Momnt and Skeps Partner to Scale Embedded Lending for Home Improvement Contractors

Quick Summary

Momnt and Skeps have partnered to integrate embedded lending solutions into the home improvement sector. By combining Momnt’s real-time financing with Skeps’ orchestration platform, contractors can now offer diverse, multi-lender credit options to homeowners through a single application, increasing approval rates and simplifying point-of-sale transactions.

How Does the Momnt and Skeps Partnership Benefit Contractors?

The collaboration between Momnt and Skeps streamlines the point-of-sale financing process for home improvement professionals. By integrating Momnt’s suite of real-time lending products into the Skeps orchestration platform, contractors gain access to a "deeper bench" of credit options without needing to manage multiple disparate software tools. This allows businesses to:

• Offer financing for projects ranging from minor home repairs to major renovations.
• Reduce friction by using a single customer application to access multiple lenders.
• Increase sales conversion rates by providing personalized financing at the moment of purchase.

As Allyson Torsak, Chief Revenue Officer at Momnt, noted: "By connecting our products to Skeps' network, we're bringing real-time financing tools directly to more contractors, so they can close more deals and grow their businesses without adding complexity to how they work."

What Role Does Embedded Lending Play in Home Improvement?

Embedded lending is becoming a critical tool for high-ticket service industries. The Skeps platform acts as a credit orchestration layer, intelligently matching homeowners with the most suitable financial products. By adding Momnt to this ecosystem, the partnership ensures that diverse credit profiles are better served. This multi-lender approach is essential because, as Ruby Walia, Chief Banking Officer at Skeps, stated: "Contractors on our platform need more than one way to finance a project, because no two projects, or customers, look the same."

What Results Can Merchants Expect from This Integration?

The primary goal of this integration is to build a connected financing ecosystem that removes the traditional barriers to credit. Merchants using the Skeps platform can now leverage Momnt's instant credit decisions to provide immediate clarity to customers. Key metrics and features include:

• Real-time financing availability at the point of sale.
• Access to personalized financing for consumers across various credit tiers.
• Immediate availability, as the integration is live for all contractors on the Skeps platform.

FF NEWS TAKE:

This partnership moves the needle by addressing the fragmentation in embedded lending for service-based industries. By integrating Momnt’s lending power into Skeps’ orchestration platform, they are effectively solving the "single-lender rejection" problem that plagues many contractors. This move validates the growing trend of multi-lender orchestration as the gold standard for high-ticket retail and home services, ensuring higher liquidity and better consumer outcomes.