Guides

Coming soon

Market insights

Coming soon

Search

Personalize

Monarch

Monarch

Simplify Your Finances, Amplify Your Goals

Streamlines all financial activities, offers custom budgeting, and tracks investments to maximize your financial health.
#33 in "Finance
Price: Free + Paid

Desktop, Mobile

Visit website
0%
Overview
Use cases
Features and Use Cases
Users & Stats
Pricing
FAQ
Pricing & discounts
UX/UI review
Video review
Reviews
Youtube reviews
Team
Founder interview
Funding
Overview
Use cases
Features and Use Cases
Users & Stats
Pricing
FAQ
Pricing & discounts
UX/UI review
Video review
Reviews
Youtube reviews
Team
Founder interview
Funding

Overview

Monarch Money is a versatile and comprehensive  financial  management platform designed to optimize your finances with ease. It consolidates all of your account balances, transactions, and investments into one place, offering a clear, organized view of your financial health. Monarch allows users to collaborate on financial planning with partners or advisors at no additional cost and is accessible across web and mobile platforms.

Key features include best-in-class data connectivity, ensuring effective synchronization of all financial accounts. The platform also offers flexible budgeting tools with custom categories and rollovers,  investment  tracking, and comprehensive net worth tracking that includes a wide range of assets and liabilities. Additionally, Monarch facilitates automatic categorization and organization of transactions through customizable rules, enhancing the management of your financial activities.

Security is a priority for Monarch, which employs bank-level security measures to protect user data. The platform operates on a read-only basis, meaning it can display your financial data but cannot modify any account or execute transactions, ensuring safety and integrity.

Overall, Monarch Money provides a powerful tool for those looking to gain better control over their finances, with an intuitive design and robust features that cater to both novice and experienced users.

Use cases

  • Comprehensive Financial Oversight: This feature offers full view of your finances by tracking all your  financial  data (bank accounts,  investments , cryptocurrencies). Having all this information in one place simplifies monitoring and provides a clearer picture of your financial health.
  • Advanced Budgeting Tools: The tool allows users to create detailed and personalized budgets. These budgets can have custom categories. Additionally, the tool enables the rollover of unused funds to the next period. It helps in planning and saving more effectively.
  • Investment Monitoring: Integration with various financial institutions allows for real-time tracking of investments. This provides timely insights into portfolio performance and helps to make informed decisions regarding asset allocation.
  • Goal Setting and Tracking: Users can set specific financial goals (saving for a vacation, retirement) and track their progress towards these goals. This feature helps to stay motivated and on course with financial objectives.
  • Collaborative Financial Management: This functionality supports shared financial management among partners or family members. By providing shared access to accounts, it facilitates easier coordination and management of joint financial responsibilities.

Users & Stats

Website Traffic

Traffic Sources

Users by Country

FAQ

Monarch Money is a comprehensive financial management platform that consolidates all your financial data in one place.

It offers flexible budgeting tools with custom categories and rollovers, helping users manage and track their spending effectively.

Yes, it syncs with various financial institutions to provide real-time updates on your investments and overall portfolio performance.

Absolutely, users can set and monitor financial goals, with tools to track progress and adjust plans as needed.

Yes, Monarch Money allows users to collaborate by adding partners or advisors to their account, offering shared access and views.

Pricing & discounts

FeatureIncluded in Subscription
Monthly Price$14.99
Trial Period7 days free trial
Financial Accounts, CollaboratorsUnlimited
BudgetingRollover budgeting
Investment & Subscription TrackingIncluded
Transaction RulesIncluded
Additional SupportsCoinbase, Venmo, Zillow, sync vehicle values

UX/UI review

After logging into your account, you need to select your bank and card. The dashboard has widgets to perform a variety of actions (add an account, customize categories, create a goal, etc.). You can also see some statistics and graphs that will really help you analyze your finances.

monarchmoney-1

Welcome to Monarch

Also you can track your transactions on the Transactions page.

monarchmoney-21

Transactions

Cash Flow page will help you completely control your finances.

monarchmoney-3

Cash Flow

There are also the following pages with relevant data: Accounts, Reports, Budget, Recurring, Goals, Investments, Advice.

User Reviews

There are no reviews here yet. Be the first to leave review.

Hi, there!

Team

The Monarch Money team is comprised of seasoned professionals from the tech industry, bringing a wealth of experience in product development, design, and engineering.

  • Val Agostino, Co-founder and CEO, leads the company, focusing on strategic direction and overall vision.
  • Jon Sutherland, Co-founder and Head of Design, is responsible for the aesthetic and functional design of the platform.
  • Ozzie Osman, Co-founder and Head of Engineering, oversees the development and technical infrastructure of the platform.
  • Laura Kobroff, CS Operations Lead, manages customer support operations to ensure user satisfaction.
  • Vanessa Barreiros and Rafael Lago, along with Eduardo Schmidt, are Software Engineers who contribute to core product features and system maintenance.
  • Sean Ellis and Liz Bolduc, both Customer Success Managers, work directly with users to resolve issues and improve customer experience.
  • Alvin Chow and Luiz Mitidiero, as Principal Software Engineers, play critical roles in the architecture and scalability of the software.
  • João Carvalho, Senior Software Engineer, supports advanced software solutions and innovations.
  • Joyce Lin, Head of Operations, ensures operational efficiency across departments.
  • Chris Hanlon, Technical Support Engineer, and Layna Smith, Head of Customer Success, focus on enhancing the user support framework.
  • Zach Burmeister, Head of Software Infrastructure, manages the infrastructure that supports the platform's robust capabilities.
  • Mindy Taylor, Director of Product, guides the product strategy and execution to align with user needs.

Together, this team is committed to providing a tool that enhances financial peace of mind, promotes healthy financial habits, and helps users achieve their financial goals through a user-friendly platform.

Funding

Monarch Money has successfully secured a total of $20.5 million in funding over two rounds, demonstrating strong investor confidence in its financial management platform. Here's a breakdown of the funding history:

  • July 23, 2021 - Seed Round: Monarch raised $4.8 million in a seed funding round with participation from notable investors such as Accel and SignalFire. This initial funding helped kickstart the development and scaling of their financial tools.

  • June 14, 2023 - Series A Round: The company secured $15 million in a Series A round led by Menlo Ventures. This significant investment supports further development of Monarch’s features, expanding its capabilities, and scaling its user base.

These funding rounds have played a crucial role in Monarch Money’s growth and development, enabling them to enhance their platform and reach a wider audience.

Alina  Chernomorets

Published by: Alina Chernomorets

29 April 2024, 12:00PM

Join our newsletter

Stay in the know on the latest alpha, news and product updates.