Monarch Raises $75M Series B, Valued $850M to Expand Personal Finance Platform

Monarch, a personal finance startup founded in 2018, has raised $75 million in a Series B funding round co-led by FPV Ventures and Forerunner Ventures, bringing its valuation to $850 million. The company experienced a 20-fold increase in subscribers following the 2024 closure of Mint, a once-dominant budgeting tool, positioning Monarch as a leading alternative in the personal finance app market. Monarch offers an all-in-one mobile platform that consolidates accounts, visualizes cash flow and net worth, tracks financial goals, and provides AI-driven personalized advice and collaborative features. Unlike Mint, Monarch operates on a subscription model, avoiding reliance on advertising or selling user data, which aligns with growing consumer demand for privacy-focused financial tools. The new funding will accelerate platform development, expand the team, and enhance integrations and personalized financial guidance to deepen user engagement. Monarch’s mission is to democratize financial wellness by making comprehensive money management accessible to households across all financial situations.