Personal finance app Monarch raises $75 million in a Series B round led by Forerunner Ventures and FPV Ventures to accelerate subscriber growth.

Monarch has raised $75 million to boost its subscriber growth following the closure of Mint, a rival budgeting tool. The funding values the company at $850 million. This Series B round is among the largest for an American consumer fintech startup this year. Monarch provides a mobile app for tracking spending, investments, and financial goals.