✉news BusinessPersonal Finance first seen 1 d ago, last 16 h ago, peak #22
Personal finance app Monarch acquires banking infrastructure firm MBI
Original: PFM app Monarch buys banking infrastructure firm MBI
Monarch, the personal finance management app, has acquired MBI, a banking infrastructure firm. The deal gives Monarch in-house banking infrastructure, potentially supporting features like account connections or new financial products. Details on price and terms were not disclosed in initial reports, and it is not yet clear how the acquisition will affect Monarch's existing users.
Why now: Consolidation between a consumer finance app and banking infrastructure provider is notable amid ongoing fintech M&A activity
Rank over time, top of the chart is #1. 6 snapshots from 1 d ago to 16 h ago.
Evidence
- PFM app Monarch buys banking infrastructure firm MBI · FinTech Futures
API: https://socialmediatrends-api.osmike.com/v1/trends/1107237