Monark Markets, which specialises in integrating private market investments and trading solutions into traditional brokerage and wealth platforms, has raised $2.2m.
The seed round was led by Garuda Ventures, with contributions from K50 Ventures, Grit Capital Partners, Niche Capital, and notable angel investors including Nik Talreja, the CEO of Sydecar, and Shriram Bhashyam, the COO of Sydecar. This investment brings Monark’s total funding to $3.6m, with previous contributions from Forum Ventures and Night Capital.
Monark’s business model is uniquely positioned at the intersection of technology and financial services, offering a bridge for mass-affluent investors to access alternative investments through traditional financial platforms. The company leverages a robust API stack, enabling direct-to-consumer investment platforms that already serve a large user base with public market access, to expand into private securities.
Monark Markets co-founder and CEO Ben Haber said, “We are truly grateful to everyone within the Monark network who helped bring this financing round together.
“We are solving a major infrastructure challenge in capital markets that seeks to open up access to private investments at scale, and the entire Monark team has been energized by the possibilities that this financing round enables.”
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
