As the year comes to a close, I continue to reflect on all of the accomplishments here at Monetary. This was truly a year of “firsts.” We launched our connected commerce platform in June, and in just six months we have a transaction volume of $2 million per month – we are growing fast! This year we signed our first developer and reseller agreements, paid our first dealer commissions, and now have 12 developer integrations. We are excited to have such wonderful partners.
The Monetary team has a passion and commitment for building best-in-class security solutions. Tokenization encrypts sensitive card data and allows consumers to pay at any participating merchant. So it was a moment of pride when our revolutionary payment processing solution became PCI and P2PE validated.
In a move to expand our offerings in new markets, we acquired WebOpenings. This added platform allows clients to extend their appointment capabilities by booking last minute openings. Salons, Spa and MediSpa businesses can increase revenue by filling more appointments and increasing staff efficiency with this offering. This expansion will be a big focus moving forward into 2018.
Over the past several months, we’ve steadily grown from a bare bones crew to having an incredible team of 30 talented professionals. I’m especially excited about two of our recent additions – Bob Ganley, our Chief Financial Officer, and Jason Key, our Chief Technology Officer. Bob brought 30 years of experience using technology to streamline business practices in a variety of tech markets. Jason came to us equipped with a diverse background of innovation leadership in payments, marketing automation and gaming.
In September, Monetary was honored to win 1st place in the category of Best New Business for the 2017 Best of Durango Contest presented by the Durango Herald. “Best of” is one of the most coveted titles in Southwest Colorado and more than 35,000 votes were cast in support of candidates for various “Best of “ categories.
I am so proud of what our amazing team has accomplished together this year. In 2017 we put all of the pieces in place to take the company to the next level in the year to come. This year was a year of firsts – stay tuned to learn how 2018 will be our year of acceleration!