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.
- 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.
