Monarch, a personal finance platform aimed at helping households achieve long-term financial wellness, has secured $75 million in a Series B funding round. The raise was co-led by FPV Ventures, represented by Wesley Chan, and Forerunner Ventures, led by Eurie Kim, with continued support from existing investors including Menlo Ventures, Accel, SignalFire, and Clocktower Ventures.
Founded six years ago, Monarch provides a comprehensive dashboard for individuals and families to manage their finances. The platform integrates with a wide network of financial institutions, offering users the ability to track their net worth, monitor cash flow, create and manage budgets, and plan for major financial goals. Monarch also supports collaborative financial planning, making it easy for couples and financial advisors to work together on shared objectives. A key feature of the platform is its AI-driven personalized advice tool, which helps guide users based on their unique financial situations.
The newly raised capital will be directed toward scaling the company’s team and accelerating product development. Monarch plans to broaden its offering to reach more households across different income levels, with a mission to democratize access to financial wellness tools.
As the demand for smarter, more user-centric financial planning solutions grows, Monarch is positioning itself as a leader in the space, emphasizing a human-centric approach backed by cutting-edge technology.