Short description
The ecosystem for Cannabis payments.
Description
Monarch technologies Inc. is a fully licensed money transmittal service and certificate NACHA Third Party Sender with multiple financial institutions. Currently we are operating as a fintech payments service provider for the legitimate cannabis industry, serving B2C, B2B and governmental agencies.
We have developed a proprietary business banking compliance platform called Monarch. Monarch was built after years of industry research, client frustration, misunderstandings of how to handle compliance, taxation and payments in the cannabis industry.
After analyzing and diagnosing the banking industry and practices, we've identified the need to solve these issues with a compliance driven SaaS platform. The intention being to reduce the risks involved for the cannabis business owner as well as for financial institutions to successfully underwrite, on board and provide continued compliance, cash management, merchant processing and taxation services to too all sectors of licensed Cannabis operators.
Last funding
Noaccessforu
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Total funding
$$43214321
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Location
Thousand Oaks, California, United States, North America
Founded on
August 5, 2019
Non-profit?
No
Acquired?
No
Employees count
11-50
Founders
Christian Fea, Jack Brennan Robinson