No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, October 5, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Markets

Personal finance app Monarch raises $75 million

by TheAdviserMagazine
4 months ago
in Markets
Reading Time: 3 mins read
A A
Personal finance app Monarch raises  million
Share on FacebookShare on TwitterShare on LInkedIn


Monarch co-founders (left to right) Ozzie Osman, Jon Sutherland, Val Agostino.

Courtesy: Monarch

The personal finance startup Monarch has raised $75 million to accelerate subscriber growth that took off last year when budgeting tool Mint was shut down, CNBC has learned.

The fundraising is among the largest for an American consumer fintech startup this year and values the San Francisco-based company at $850 million, according to co-founder Val Agostino. The Series B round was led by Forerunner Ventures and FPV Ventures.

Monarch aims to provide an all-in-one mobile app for tracking spending, investments and money goals. The field was once dominated by Mint, a pioneer in online personal finance that Intuit acquired in 2009. After the service languished for years, Intuit closed it in early 2024.

“Managing your money is one of the big unsolved problems in consumer technology,” Agostino said in a recent Zoom interview. “How American families manage their money is still basically the same as it was in the late 90s, except today we do it on our phones instead of walking into a bank.”

Monarch, founded in 2018, saw its subscriber base surge by 20 times in the year after Intuit announced it was closing Mint as users sought alternatives, according to Agostino.

Unlike Mint, which was free, Monarch relies on paying subscribers so that the company doesn’t need to focus on advertising from credit-card issuers or sell users’ data, said Agostino, who was an early product manager at Mint.

Personal finance app Monarch, which has raised a $75 million series B investment.

Courtesy: Monarch

The startup aimed to make onboarding accounts and expense tracking easier than rival tools, some of which are free or embedded within banking apps, according to FPV co-founder Wesley Chan.

Chan said that Monarch reminds him of previous bets that he has made, including his stake in graphic design platform Canva, in that Agostino is tackling a difficult market with a fresh approach.

“What Val is doing, it’s the successor to anything that’s been done in financial planning,” Chan said. “It’s frictionless, it’s easy to use and it’s easy to share, which is something that never existed before. That’s why he’s growing so quickly, and why the engagement numbers are so high.”

The company’s round comes amid a period of muted interest for most U.S. fintechs that cater directly to consumers. Monarch is one of the few firms to raise a sizeable Series B; other recent examples include Felix, a money remittance service for Latino immigrants.

Fintech firms raised $1.9 billion in venture funding in the first quarter, a 38% decline from the fourth quarter that “signals deepening investor caution toward B2C models,” according to a recent PitchBook report. Roughly three-quarters of all the venture capital raised in the quarter went to companies in the enterprise fintech space, PitchBook said.

“The sector is still in nuclear winter” as it faces a hangover from 2021-era startups that “raised way too much money and had zero progress and wrecked it for everybody else,” Chan said. “That’s fine with me, I love nuclear-winter sectors.”



Source link

Tags: appfinanceMillionMonarchPersonalRaises
ShareTweetShare
Previous Post

Why Your Roth IRA Might Not Be As Tax-Free As You Think

Next Post

Autodesk (ADSK) reports strong revenue and earnings growth for Q1 2026

Related Posts

edit post
A Blurry Future for Eye Tracking Stocks

A Blurry Future for Eye Tracking Stocks

by TheAdviserMagazine
October 4, 2025
0

Eye tracking stocks should be making hay while the sun shines. We’re seeing an emergence of new regulations in favor...

edit post
Case for investing abroad despite record U.S. market gains

Case for investing abroad despite record U.S. market gains

by TheAdviserMagazine
October 4, 2025
0

Investors may want to boost their exposure overseas."Home bias is about as bad as it's ever been in the United...

edit post
Activist Irenic builds a stake in Workiva, hoping to gain two board seats

Activist Irenic builds a stake in Workiva, hoping to gain two board seats

by TheAdviserMagazine
October 4, 2025
0

Company: Workiva (WK)Business: Workiva is a provider of cloud-based reporting solutions that are designed to solve financial and non-financial business...

edit post
Inside the uranium plant at the center of U.S. plans to expand nuclear power

Inside the uranium plant at the center of U.S. plans to expand nuclear power

by TheAdviserMagazine
October 4, 2025
0

EUNICE, NEW MEXICO — Paul Lorskulsint was a shift manager at a brand new uranium enrichment facility deep in the...

edit post
Bitcoin rallies to within 1% of all-time high, gaining safe-haven status during shutdown

Bitcoin rallies to within 1% of all-time high, gaining safe-haven status during shutdown

by TheAdviserMagazine
October 4, 2025
0

Bitcoin rallied on Friday to within striking distance of its record high as the U.S. government's shutdown entered its third...

edit post
U.S., Europe brands take on the Chinese consumer

U.S., Europe brands take on the Chinese consumer

by TheAdviserMagazine
October 3, 2025
0

Pictured here is Louis Vuitton's new cruise ship-shaped store in Shanghai, China, on June 28, 2025.Bloomberg | Bloomberg | Getty...

Next Post
edit post
Autodesk (ADSK) reports strong revenue and earnings growth for Q1 2026

Autodesk (ADSK) reports strong revenue and earnings growth for Q1 2026

edit post
Together We Lead: A New Era of HBCU Transformation

Together We Lead: A New Era of HBCU Transformation

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
The UK’s finance minister keeps public guessing over tax hikes

The UK’s finance minister keeps public guessing over tax hikes

0
edit post
Could Metaplanet’s Bitcoin reserve be the new financial frontier?

Could Metaplanet’s Bitcoin reserve be the new financial frontier?

0
edit post
Energy Efficiency Fixes Older Homes Desperately Need But People Ignore

Energy Efficiency Fixes Older Homes Desperately Need But People Ignore

0
edit post
MasterClass founder says CEOs who are not using AI daily are only 80% as good as their peers—he’s saved an entire day of work thanks to a custom GPT

MasterClass founder says CEOs who are not using AI daily are only 80% as good as their peers—he’s saved an entire day of work thanks to a custom GPT

0
edit post
Shekel strengthens as hope for Gaza deal rises

Shekel strengthens as hope for Gaza deal rises

0
edit post
Dave Ramsey on X: 3 Simple Steps to Tackle Debt Even With a Small Paycheck

Dave Ramsey on X: 3 Simple Steps to Tackle Debt Even With a Small Paycheck

0
edit post
MasterClass founder says CEOs who are not using AI daily are only 80% as good as their peers—he’s saved an entire day of work thanks to a custom GPT

MasterClass founder says CEOs who are not using AI daily are only 80% as good as their peers—he’s saved an entire day of work thanks to a custom GPT

October 5, 2025
edit post
Shekel strengthens as hope for Gaza deal rises

Shekel strengthens as hope for Gaza deal rises

October 5, 2025
edit post
Key Price Breakout Sets Dogecoin On 153% To Clear alt=

Key Price Breakout Sets Dogecoin On 153% To Clear $0.65 In Quick Succession

October 4, 2025
edit post
Robert Kiyosaki Wants to Vomit as Buffett Words Signal Crash Ahead, Doubles Down on Bitcoin

Robert Kiyosaki Wants to Vomit as Buffett Words Signal Crash Ahead, Doubles Down on Bitcoin

October 4, 2025
edit post
During a White House meeting, Hakeem Jeffries spotted a ‘Trump 2028’ hat and asked JD Vance ‘Hey, bro, you got a problem with this?’

During a White House meeting, Hakeem Jeffries spotted a ‘Trump 2028’ hat and asked JD Vance ‘Hey, bro, you got a problem with this?’

October 4, 2025
edit post
Stellantis said to plan  billion in U.S. turnaround investments

Stellantis said to plan $10 billion in U.S. turnaround investments

October 4, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • MasterClass founder says CEOs who are not using AI daily are only 80% as good as their peers—he’s saved an entire day of work thanks to a custom GPT
  • Shekel strengthens as hope for Gaza deal rises
  • Key Price Breakout Sets Dogecoin On 153% To Clear $0.65 In Quick Succession
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.