Overview

Momence provides a software-as-a-service platform that helps class- and event-based businesses manage scheduling, payments, and customer engagement. It enables businesses like fitness studios, yoga centers, and schools to schedule online and in-person classes and events, accept payments, and communicate with customers from one system. The product runs in the cloud as a subscription service and can include add-ons such as custom-branded mobile apps and point-of-sale (POS) solutions. Unlike some rivals, Momence emphasizes ease of use and a single, integrated experience that reduces administrative tasks and improves the customer experience. The company aims to help its clients run their operations more efficiently, boost customer satisfaction, and grow their business, while generating recurring revenue from subscriptions and optional services.

Simplify's Take

What believers are saying

• Clubessential acquisition integrates Momence with $4B annual payment processing.
• Subscription model plus custom apps and POS generate steady revenue streams.
• AI features provide competitive edge in customer engagement for gyms.

What critics are saying

• Clubessential integration dilutes Momence brand within 6-12 months.
• Silver Lake forces layoffs and product cuts in 12-18 months.
• Pushpay steals clients via superior integrations in 6-12 months.

What makes Momence unique

• Momence automates lead conversion and member retention with AI for fitness studios.
• Momence mobile app delivers push notifications and group messaging from dashboard.
• Momence supports 4,500+ fitness studios with scheduling, payments, and branded apps.

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Funding

Total Funding

$130k

Below

Industry Average

Funded Over

1 Rounds

Notable Investors:

Y Combinator

Notable Investors:

Y Combinator

$130,000

Seed

Mar 2020

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Below Average

Industry standards

Ind Avg. $3.3M

$130k

$500k

$1.5M

$2M

$2.3M

$3M