Monarch, the personal finance startup aiming to provide an all-in-one mobile app for tracking spending, has raised $75 million in series B funding led by Forerunner Ventures and FPV Ventures. The fundraising is the most considerable for an American consumer fintech startup this year, valuing Monarch at $850 million. This round will accelerate subscriber growth that took off last year when the budgeting tool Mint was shut down. 

Personal Finance App Monarch Raises $75 Million Despite ‘Nuclear Winter’ for Fintech Startups