Horicon Bank Acquires Monotto, Expands Fintech Investment

(Horicon) Horicon Bank has recently acquired the technology and talent of an Atlanta-based financial company. Monotto’s mission is to improve financial literacy and planning for millennials. Christian Ruppe, one of the leaders of the organization, says they were not actively seeking a strategic partner but Horicon Bank made it clear their commitment was to the future of financial technology, not only their customers but the market as a wholeRuppe adds the Horicon-based financial institution has a great reputation and they realized that they could not reach their biggest vision as a Fintech without the bank’s platform. Horicon Bank President Fred Schwertfeger says this acquisition is a shift in the traditional community banking model. He adds that they believe this vision is an extension of their vision to help customers enjoy working with them and make their lives better. Horicon Bank worked closely with Monotto to advance their digital bank offerings before the acquisition.