Momence
“Can an all-in-one vertical SaaS platform own the operating system for studio-based wellness businesses (yoga, pilates, gyms, spas, dance)?”
Founded2020
HQSan Francisco, California, United States
FoundersVojta Drmota
Total raisedundisclosed
Latest roundSeed (2020)
IndustryVertical SaaS / Fitness & Wellness
The story
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).
Product timeline
2020
Founded as Ribbon; pivoted to Momence, an experience-based booking platform for studios· pivot
2020
Y Combinator-backed Seed & Pre-Seed rounds· funding
2025
Acquired by Clubessential Holdings (Jan 2025)· acquisition
The stack
6 layers disclosed in Momence’s embedded-finance stack
Payments / PSP
Lending
in the full report
KYC
in the full report
Sponsor bank
in the full report
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: minor
8 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.