Monark Markets
- Company typePrivate
- Founded2022
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
Monark Markets firmographics
Firmographics- Name
- Monark Markets
- Legal name
- Monark Markets, Inc.
- Website
- https://monark-markets.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Monark Markets industry classification
Industry- Product category
- Private Markets API Infrastructure
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities and Commodity Exchanges (5232)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- API Management & Gateways (BPAMAOAA)
- akta.pro secondary industry
- Institutional API Connectivity, OMS/EMS & FIX Gateways (FSADAJAJ)
Keywords
Where Monark Markets is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Monark Markets business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Trade Commission (ATS): MMM ATS charges a trade commission of 1% on secondary market transactions based on the gross balance of each trade. This is the primary disclosed revenue stream for the broker-dealer operations.
- Placement Agent / Distribution Fees:
- API Platform / Alts-as-a-Service: Monark provides 'Alts-as-a-Service' (AaaS) infrastructure to brokerages and wealth platforms through API access. Pricing model likely includes subscription or usage-based components for API access and platform services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | MMM ATS Transaction Fee - 1% per trade |
| Transaction based/ take rate | Pay-as-you-go | SPV-based investment structure |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Monark Markets product offering
Product offeringCore offering
Monark Markets provides B2B API infrastructure ('Alts-as-a-Service') that connects brokerages, wealth platforms, advisory platforms, and clearing firms to private markets. The full-stack API toolkit covers the entire private market investment lifecycle—primary offerings, secondary trading, compliance (KYC/AML/suitability), market data, and custody/fund admin integrations—enabling partners to embed alternative assets (pre-IPO, private credit, real estate) directly into their existing platforms. The company also operates MMM Securities LLC, a FINRA-registered broker-dealer, and MMM ATS, an SEC-regulated Alternative Trading System.
Product overview
Monark Markets is a B2B fintech platform providing 'Alts-as-a-Service (AaaS)' infrastructure, built as a modular API-based architecture. The core offering consists of a full-stack API toolkit including Primary Offerings API (subscription flows, document handling, investor onboarding), Secondary Trading API (order routing, executions, settlement), Compliance API (KYC/AML/suitability), Market Data API (asset data, NAV reports, performance pricing), and Custody & Fund Admin Integrations (DTCC AIP, post-trade operations). This is complemented by MMM ATS, a FINRA-regulated Alternative Trading System enabling secondary market liquidity across the distribution network. The platform is designed for brokerages, wealth management platforms, advisory firms, clearing firms, and issuers to offer private market access (pre-IPO, private credit, real estate, evergreen funds) without rebuilding their technology stack.
Differentiator
Problem solved
Functional benefit
Products and services
- Alts-as-a-Service (AaaS) Platform B2B platform infrastructure enabling brokerages, wealth platforms, and financial institutions to embed private securities trading and alternative investments into their customer experiences through API integration, handling backend regulatory and operational complexities. Sold to enterprise platforms (brokerages, RIAs, clearing firms) on an enterprise/usage basis.
- MMM ATS (Alternative Trading System) Alternative Trading System operated by MMM Securities LLC (a FINRA-registered broker-dealer and member of FINRA/SIPC) that enables secondary market trading of private securities, providing pooled liquidity across Monark's network of distribution partners. Charges a 1% trade commission on the gross balance of each trade.
Quantifiable outcome
- Go live with alternative assets in as little as 3-6 weeks
- +3 more outcomes
Companies that use Monark Markets
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles4 records
Monark Markets technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature6 records
Monark Markets partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship and core.
- WebullflagshipWebull partnered with Monark to enable eligible accredited investors to access late-stage private companies through SPVs sponsored by Monark Capital Management LLC. The launch represents Webull's entry into private markets, democratizing access to investment opportunities historically reserved for institutional investors. Each SPV is limited to no more than 99 eligible investors, with subscription and funding facilitated through the Webull platform.
- Avant GardeflagshipAvant Garde, a brokerage firm, and Monark partnered to enable retail investors access to Pre-IPO companies and private market investments through the Avant Garde platform. The collaboration coincides with the launch of Avant Garde's enhanced trading platform, offering a comprehensive, integrated investment experience.
- Vested FinancecoreVested Finance, a US-based SEC-registered investment advisor, partnered with Monark Markets to expand private market investment access for Indian investors. Monark's API platform supports Vested in offering access to Pre-IPO companies and alternative investments by streamlining private market deal execution.
- Apex Fintech SolutionsflagshipApex Fintech Solutions and Monark joined forces to bring seamless pre-IPO and private-market access to millions of Apex brokerage users. The partnership enables Apex's downstream brokerage platforms to offer private market alternatives.
- Altruist FinancialcoreAltruist Financial uses Monark's API infrastructure to provide access to private market investments for their RIA platform users.
- ViewTradecoreMonark and ViewTrade partnered to bring seamless pre-IPO and private-market access to 300+ global clients across 30+ countries. The partnership enables ViewTrade's client base to access Monark's private market infrastructure.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Monark Markets competitors and assessment
Company assessmentDirect peers
- Carta: Carta is a private market infrastructure platform providing cap table management, valuations, and secondary trading. Like Monark, it operates as infrastructure layer for private market access, though Carta is more established with broader offerings beyond the API-first B2B positioning that defines Monark.
- Forge: Forge operates a global private securities trading marketplace and has its own broker-dealer subsidiary. It is one of the most direct competitors to Monark's MMM ATS for secondary trading of pre-IPO shares, though Forge focuses more on institutional and direct accredited investor access.
- EquityZen: EquityZen provides pre-IPO and private company investment access through SPVs and secondary transactions. It is a direct competitor in democratizing private market access, with similar focus on accredited investor workflows and platform-based distribution.
- Sydecar: Sydecar provides SPV formation and management infrastructure for private market deals. It enables sponsors and platforms to create and administer investment vehicles, overlapping significantly with Monark's SPV-powered offerings (e.g., Webull partnership).
- Hiive: Hiive operates a private company secondary trading marketplace with a structured auction process. It is a direct competitor in the private securities secondary trading space that Monark addresses through its MMM ATS infrastructure.
Broad incumbents
- Nasdaq Private Market: Nasdaq Private Market is the incumbent private market infrastructure provider owned by Nasdaq. It operates trading platforms for private company shares and employee liquidity programs, representing a much larger and more established competitor with similar infrastructure positioning.
- Morgan Stanley Private Shares: Morgan Stanley's Private Shares platform enables pre-IPO share trading for clients of the wealth management giant. It is a broad incumbent with overlapping functionality but operates within Morgan Stanley's broader financial services ecosystem rather than as a standalone B2B infrastructure provider.
- Tradeweb: Tradeweb operates institutional electronic trading platforms across multiple asset classes including fixed income, derivatives, and ETFs. While primarily public markets focused, its electronic trading infrastructure model and institutional API offering overlap conceptually with Monark's B2B API approach.
Emerging players
- Alto: Alto (formerly AltoIRA) provides self-directed retirement accounts with access to alternative investments including private equity, real estate, and crypto. It is an emerging player with overlapping private market access focus but a direct-to-consumer model rather than B2B platform infrastructure.
- Masterworks: Masterworks enables fractional investment in blue-chip artwork via SEC-registered offerings. It represents an emerging alternative investment platform using SPV structures similar to those Monark supports through its infrastructure, though focused exclusively on art as an asset class.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Monark Markets social profiles
Digital presenceMonark Markets compliance and trust
Trust signalCompliance3 records
Monark Markets financial estimates
Financial estimateRevenue estimate
Valuation estimate
Monark Markets leadership team
Management profileNumber of profiles
Profiles6 records
Monark Markets subsidiaries and ownership
Company hierarchySubsidiaries1 record
Monark Markets funding detail
Funding detailFunding overview
Funding rounds6 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Monark Markets M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Monark Markets
What does Monark Markets do?
Monark Markets provides B2B API infrastructure ('Alts-as-a-Service') that connects brokerages, wealth platforms, advisory platforms, and clearing firms to private markets. The full-stack API toolkit covers the entire private market investment lifecycle—primary offerings, secondary trading, compliance (KYC/AML/suitability), market data, and custody/fund admin integrations—enabling partners to embed alternative assets (pre-IPO, private credit, real estate) directly into their existing platforms. The company also operates MMM Securities LLC, a FINRA-registered broker-dealer, and MMM ATS, an SEC-regulated Alternative Trading System.
Is Monark Markets a public or private company?
Monark Markets is a private company. It is classified as venture growth investor backed and is currently operating.
When was Monark Markets founded?
Monark Markets was founded in 2022. It employs 11 to 50 people.
Where is Monark Markets based?
Monark Markets is headquartered in New York, United States, in the North America region.
How does Monark Markets make money?
Three revenue lines are on record. Trade Commission (ATS) is the primary driver. The others are placement Agent / Distribution Fees and API Platform / Alts-as-a-Service.
Who are Monark Markets's main competitors?
Direct peers on record are Carta, Forge, EquityZen, Sydecar and Hiive. Broad incumbents are Nasdaq Private Market, Morgan Stanley Private Shares and Tradeweb. Emerging players are Alto and Masterworks.
Does Monark Markets have an API?
Yes. Monark provides a full-stack API toolkit for private markets, including Primary Offerings API (subscription flows, document handling, investor onboarding), Secondary Trading API (real-time order routing, executions, settlement), Compliance API (embedded KYC, AML, investor suitability checks), Market Data API (live feeds for asset-level data and research, NAV reports, historical performance), and Custody & Fund Admin Integrations (DTCC's AIP, custody, post-trade operations). APIs enable brokerages, wealth platforms, and clearing firms to embed alternative investments directly into their existing platforms without disrupting existing workflows. Developer documentation is at api-docs.monark-markets.tech/reference/getting-started.
What industry is Monark Markets in?
Monark Markets's product category is Private Markets API Infrastructure. Its primary akta.pro industry code is BPAMAOAA, API Management & Gateways, with a secondary code of FSADAJAJ, Institutional API Connectivity, OMS/EMS & FIX Gateways. Its NAICS code is 5231 and its SIC code is 6211.