Monark Markets Raises $8.1M for Fintech Infrastructure
What happened
Monark Markets, a fintech company focused on building infrastructure for private markets, has raised $8.1 million in a strategic funding round. The capital will be used to expand its product coverage and accelerate distribution partnerships.
Why it matters
- The $8.1 million funding round was led by F-Prime with participation from The Treasury, Commerce Ventures, Grit Capital Partners, and BBAE Holdings. - Monark's API-first infrastructure provides the "rails" for private market investments, which allows it to be embedded into existing brokerage and wealth management platforms. - Key distribution partners already using Monark's technology include Apex Fintech Solutions, Altruist Financial, and BBAE, which together reach over 30 million retail investors with $450 billion in assets. - The company was co-founded in 2021 by Ben Haber (CEO), Caleb Benedict, and Paul Davis. - Monark's platform gives investors access to pre-IPO companies and evergreen funds from alternative asset managers. - CEO Ben Haber predicts that retail investor allocation to private markets will grow to 15-20% over the next decade, mirroring institutional and family office allocations. - The fresh capital will be used to expand its distribution partnerships and broaden its product coverage to include asset classes like fractional real estate and secondary trading of private securities. - This move comes as the alternative assets market has grown from $5 trillion in 2011 to nearly $16 trillion today.
Key numbers
- Monark Markets, a fintech company focused on building infrastructure for private markets, has raised $8.1 million in a strategic funding round.
- - The $8.1 million funding round was led by F-Prime with participation from The Treasury, Commerce Ventures, Grit Capital Partners, and BBAE Holdings.
- Key distribution partners already using Monark's technology include Apex Fintech Solutions, Altruist Financial, and BBAE, which together reach over 30 million retail investors with $450 billion in assets.
- The company was co-founded in 2021 by Ben Haber (CEO), Caleb Benedict, and Paul Davis.
What happens next
- CEO Ben Haber predicts that retail investor allocation to private markets will grow to 15-20% over the next decade, mirroring institutional and family office allocations.
- The fresh capital will be used to expand its distribution partnerships and broaden its product coverage to include asset classes like fractional real estate and secondary trading of private securities.
- The capital will be used to expand its product coverage and accelerate distribution partnerships.
Quick answers
What happened in Monark Markets Raises $8.1M for Fintech Infrastructure?
Monark Markets, a fintech company focused on building infrastructure for private markets, has raised $8.1 million in a strategic funding round. The capital will be used to expand its product coverage and accelerate distribution partnerships.
Why does Monark Markets Raises $8.1M for Fintech Infrastructure matter?
The $8.1 million funding round was led by F-Prime with participation from The Treasury, Commerce Ventures, Grit Capital Partners, and BBAE Holdings. Monark's API-first infrastructure provides the "rails" for private market investments, which allows it to be embedded into existing brokerage and wealth management platforms. Key distribution partners already using Monark's technology include Apex Fintech Solutions, Altruist Financial, and BBAE, which together reach over 30 million retail investors with $450 billion in assets. The company was co-founded in 2021 by Ben Haber (CEO), Caleb Benedict, and Paul Davis. Monark's platform gives investors access to pre-IPO companies and evergreen funds from alternative asset managers. CEO Ben Haber predicts that retail investor allocation to private markets will grow to 15-20% over the next decade, mirroring institutional and family office allocations. The fresh capital will be used to expand its distribution partnerships and broaden its product coverage to include asset classes like fractional real estate and secondary trading of private securities. This move comes as the alternative assets market has grown from $5 trillion in 2011 to nearly $16 trillion today.
