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Fintech startup Monarch secured $75 million in Series B funding, valuing the company at $850 million. This follows a significant subscriber surge after Mint's shutdown. The funding round, led by Forerunner Ventures and FPV Ventures, will fuel Monarch's growth in the personal finance app market. Monarch distinguishes itself from its predecessor, Mint, by offering a paid subscription model, prioritizing user privacy and avoiding data sales or advertising.

Prepared by Christopher Adams and reviewed by editorial team.