We’re very excited to announce that Monarch has raised $75M in Series B financing. The round was co-led by Wesley Chan at FPV Ventures and Eurie Kim at Forerunner Ventures. Existing investors Menlo Ventures, Accel, SignalFire, and Clocktower Ventures all participated as well.
Financial health is one of the most pressing societal challenges today. Studies indicate that finances are the single largest source of household stress, one of the primary causes of divorce, and a leading cause of mental health issues such as depression and anxiety.
It doesn’t have to be this way.
We started Monarch six years ago with a clear but ambitious mission to solve this problem for all households, not just the wealthy. We strongly believe that everyone – no matter where they’re starting – can improve their financial situation with the right information, tools, and guidance.
We’ve been hard at work making this a reality. Today, Monarch is the most robust personal finance platform for consumers, helping members:
- See all of their finances in one place by connecting to the widest range of financial institutions in the market
- See what’s happening with beautiful graphs of net worth, cash flow, and budget progress over time
- Plan for their future with the ability to track progress against financial goals
- Stay on the same page with features that allow partners, spouses, or financial professionals to collaborate together on their financial progress
- Get personalized financial advice with Monarch’s advisor feature
Today, Monarch is the fastest growing personal finance platform. We’re very proud to have been recognized by the Wall Street Journal, Forbes, and the Fintech Breakthrough Awards as a best-in-class tool for money management.
However, this is just the beginning. We are just getting started and have big plans for evolving the Monarch platform on the journey toward unlocking financial wellness for all households.
This financing will dramatically accelerate that vision. We will be rapidly growing our team and expanding the breadth of the Monarch platform.
If you’re a Monarch member, we thank you for your continued partnership on this journey!
Onward!
