Mmastodon BusinessBanking first seen 1 d ago, last 14 h ago, peak #4

Budgeting app Monarch acquires banking infrastructure firm MBI

Original: PFM app Monarch buys banking infrastructure firm MBI MBI previously operated as consumer fintech HMBradley before shifti

Personal finance app Monarch has acquired MBI, a banking infrastructure provider that previously operated as the consumer fintech HMBradley before pivoting to B2B services in 2023. The deal gives Monarch in-house banking capabilities as it expands beyond budgeting tools. Observers see it as part of a broader trend of fintechs consolidating to control their own infrastructure.

Why now: The acquisition signals consolidation in fintech as consumer apps move into banking infrastructure.

MonarchMBIHMBradley

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Rank over time, top of the chart is #1. 4 snapshots from 1 d ago to 14 h ago.

Evidence

• PFM app Monarch buys banking infrastructure firm MBI MBI previously operated as consumer fintech HMBradley before shifting its focus to B2B services in 2023. https://www. fintechfutures.com/m-a/monarch -acquires-banking-infrastructure-firm-mbi # FinTech # FinServ # Banking · AlexJimenez@mas.to · 1

API: https://socialmediatrends-api.osmike.com/v1/trends/1143381