iink and Momnt Partner Making Financing More Accessible to Contractors

Easing the Lending Crunch: Digital Payment Network and Lending Co. Partner

TAMPA, Fla — iink, Corp., a digital payments network specializing in the disbursement of funds involving multi-party property insurance claims, recently announced a partnership with the financial lending firm Momnt to increase funding access for contractors and property owners.

The partnership, according to a statement from iink, will enable Momnt’s clients to offer point-of-need financing options to its customers.

“There has been an industry-wide problem for contractors surrounding restoration property financing. For example, contractors have had to make it look like they got paid to get help financing property owner deductibles,” said iink CEO Thomas McGrath. “Momnt will now help solve this problem with deductible financing along with two additional primary financing use cases related to insurable losses."

According to a release by the two concerns, the partnership outlines three primary use cases the partnership is designed to facilitate: deductible financing, replacement cost value gap financing and retail upgrade financing.

“We are excited to partner with iink on this endeavor,” Mike O’Connell, of vice president of partnerships at Momnt said. “This partnership will help ease financing burdens for contractors and property owners. We already had an established relationship with iink and know that contractors will get the support they need to enhance their workflows.”

Contractors interested in learning more about these alternative finance options may visit iink’s website at iink.com.