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Monarch
Trends
- 1Monarch Hits $100M ARR and Acquires MBI●Monarch Hits $100M ARR and Acquires MBI to Scale Personal Finance Platform
Personal finance app Monarch has reached $100 million in annual recurring revenue and announced the acquisition of MBI, a move intended to scale its platform. The company, a rival to Mint after its shutdown, has been growing quickly as consumers seek tools for budgeting and net worth tracking. The deal signals continued consolidation in the personal finance software market.
- 2Personal finance startup Monarch acquires HMBradley●Exclusive: Personal finance startup Monarch buys HMBradley
Personal finance startup Monarch has acquired HMBradley, according to an exclusive report by Axios. The deal brings the two consumer-focused fintech companies together, combining Monarch's budgeting and money management tools with HMBradley's banking products. Details such as the purchase price and terms of the acquisition have not been disclosed, and it is not yet clear how the companies plan to integrate their services.