
Mentum
Mentum, a fintech company specializing in asset management, provides a platform that centralizes financial data for multi-family offices and wealth managers, enhancing data security and offering insights through artificial intelligence.
Services
Mentum's platform simplifies the process of connecting data from any onshore and offshore bank, broker-dealer, or custodian to any system. This enables multi-family offices and wealth managers to centralize all their clients' financial information. The platform also provides insights powered by artificial intelligence. Designed with industry-standard security features, Mentum ensures data security and privacy, conducting regular compliance audits and penetration tests to uphold its ISO27001 commitment.
Locations
Mentum operates in San Francisco, CA, USA and São Paulo, SP, Brazil. These locations allow it to serve regions across the United States, Brazil, and Latin America. Additionally, the company supports partly remote and remote work arrangements, expanding its operational reach.
Industry
Mentum is part of the fintech industry, specifically within the asset management sub-industry. The company focuses on providing technological solutions that empower family offices and wealth managers. By centralizing financial information and providing AI-powered insights, Mentum aims to transform how asset management is conducted.
History
Mentum is a member of the Y Combinator S21 batch. It has gained significant traction, being backed by Y Combinator, Gradient Ventures, and Global Founders Capital. The company's platform has been featured in major publications such as TechCrunch, Forbes, Bloomberg Linea, and Labs News. Since its inception, it has connected over 60,000 accounts, linked with more than 150 institutions, and supports more than $16B USD in aggregated assets.
Security and Data Privacy
Mentum places a strong emphasis on data security and privacy. The company's platform uses secure cloud infrastructure and state-of-the-art data encryption to protect client data. Mentum's data privacy pledge ensures that client data is not shared, stored, or sold to third parties without explicit consent. The platform offers continuous surveillance and user access control for enhanced data protection and conducts regular compliance audits and penetration tests to maintain its ISO27001 standards.