Is the Monarch Budgeting App free?

Yes! A major component of Wealthsimple’s success is the financial institution’s emphasis on keeping things simple. After all, it’s in their name.

How secure is the Monarch budgeting app?

Security is at the forefront of the Monarch budget app. Monarch uses the same level of security as a bank. They operate a read-only platform which makes it impossible for bad actors to move money around. Monarch also does not sell your info and does not display ads. Monarch uses two data providers and they’re both notable and owned by Mastercard.

Monarch is a privately-held startup. It was founded by Osman Ahmed Osman, Val Agostino, and Jonathan Sutherland. Val Agostino, the co-founder and current CEO of Monarch, is known for having been on the original team that was responsible for Mint.com. Val Agostino has worked with Monarch since 2018.

Rachel Cribby

Rachel Cribby is a professional writer, editor, and transcriptionist from Canada. She holds degrees in creative writing and urban studies from Concordia University. Although finances once seemed overwhelming to her, she has made great progress in her effort to demystify them. She now considers herself “very financially literate for somebody who has trouble with numbers.” Rachel’s favorite things to budget for are fancy coffee and rare vinyl records.