“Can an all-in-one vertical SaaS platform own the operating system for studio-based wellness businesses (yoga, pilates, gyms, spas, dance)?”
Founded in 2020 as Ribbon and rebranded to Momence, the company evolved from a live-experience booking tool into an all-in-one vertical SaaS platform for yoga studios, gyms, spas, dance schools and wellness businesses. It consolidates scheduling, POS, memberships, staff payroll reporting, retail inventory, and payments. In January 2025, Momence was acquired by Clubessential Holdings, positioning it within a broader portfolio of club/studio management software. Its embedded finance is thin — payments run through Stripe Connect, and lending is offered via parent-affiliated Xplor Capital (Celtic Bank).
Momence discloses Celtic Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Momence does not disclose a bank charter of its own; its banking services are provided through Celtic Bank.
Momence processes payments through Stripe Connect.
Momence uses Stripe Identity for KYC and identity verification.
Momence's lending and capital products are provided by Xplor Capital and Celtic Bank.
Momence uses Stripe for FX and cross-border payouts.
Momence integrates with QuickBooks and Xero.
The Embedded Finance Index 2026 maps 7 layers in Momence's stack: Payments / PSP (Stripe Connect); Lending (Xplor Capital, Celtic Bank and Xplor Capital Program); KYC (Stripe Identity); Sponsor bank (Celtic Bank); FX & payouts (Stripe); Accounting (QuickBooks and Xero); Tax (Stripe Tax).
Momence was founded by Vojta Drmota and is founded in 2020, headquartered in San Francisco, California, United States.
Momence has raised undisclosed in total (latest round: Seed (2020)).
Get a read on where your own stack stands against Momence and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.