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Personal finance app Monarch raises $75 million in a Series B round led by Forerunner Ventures and FPV Ventures to accelerate subscriber growth.
Amount Raised
$75 Million
Round Type
Series B
San FranciscoInformation TechnologyFinancial ServicesFinanceFintechLendingInvestors
Description
Monarch has raised $75 million to boost its subscriber growth following the closure of Mint, a rival budgeting tool. The funding values the company at $850 million. This Series B round is among the largest for an American consumer fintech startup this year. Monarch provides a mobile app for tracking spending, investments, and financial goals.
Fundz sees it the moment Monarch raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Funding Insights
What this usually meansMonarch raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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