Monarch Hits $100M in ARR and Acquires MBI to Fuel Growth
Monarch, an all-in-one personal finance platform, has reached $100 million in annual recurring revenue (ARR) and acquired MBI—formerly known as HMBradley—to accelerate its growth. The acquisition brings the team behind HMBradley into Monarch Labs, a new division focused on developing innovative financial tools for members. With over 1 million active users managing their finances through the platform, Monarch has also launched a premium tier called Monarch Plus and was recognized in Fast Company's Most Innovative Companies List. The MBI team brings more than ten years of experience across consumer finance products and infrastructure development to Monarch’s mission of improving financial health. Their previous work included Routines—a system for automating money management—and building the underlying technology that supports such features. Zach Bruhnke, co-founder and CEO of MBI, will lead Monarch Labs in exploring new growth opportunities. Monarch aims to become a one-stop destination for personal finance needs by integrating more tools into its platform while enhancing user experience.
Topics: acquisition ARR milestone expansion