Monarch Money builds a personal finance platform that aggregates users' financial accounts, categorizes transactions, and produces real-time insights into spending, net worth and cash flow. The company, founded in 2018, works across financial account aggregation, transaction categorization, data synchronisation, real-time analytics and insights, and web and mobile development for iOS and Android. Its platform synchronises with more than 13,000 financial institutions.
The product serves individuals and couples, supporting flexible budgeting, goal tracking and collaboration with partners or financial advisers. Users can track all their accounts in one place and receive automatic categorisation of transactions alongside insights into their financial position. The service is available on web, iOS and Android, and has been recognised by the Wall Street Journal, Forbes and Fortune.
Monarch operates as a fully remote company, with team members distributed across multiple time zones. Synchronous collaboration takes place from 9 AM to 2 PM PT, with asynchronous work embraced outside those hours. The company operates in the personal finance, fintech and consumer budgeting sectors.
