BankTech Ventures in Sandy, Utah, has invested in three fintechs.
The fund said in a press release that it had invested in Equabli, Filejet and Monit. The amount of the investments was not disclosed.
Equabli mitigates customer delinquency and default with a suite of solutions that streamlines the payment, debt collection, and recovery process. Filejet helps banks attract and retain SMB customers by providing compliance capabilities with legal entity reporting requirements.
Monit’s platform lets banks provide a suite of embedded ‘digital CFO’ tools to SMB customers. It also provides analytics and targeted insights to bankers to facilitate better relationships with SMB clients.
“We are excited to support committed entrepreneurs building compelling solutions for community banks, and we welcome these three companies to the BankTech ecosystem,” Carey Ransom, the fund’s managing director, said in the release.
“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,” he added.