Fintech

Portfolio spotlight

Our Fintech Portfolio
airbase 1
airbase 1

Airbase is a spend management platform for small and midsize companies. It automates accounting and operational workflows for a faster close, real-time reporting, and a consistent platform experience for all non-payroll spend.

Milestones
  • 2017 Founded
  • 2021 Partnered, Series B
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betterment
betterment

Betterment is a financial robo-advisor dedicated to helping people reach their investment goals.

Milestones
  • 2008 Founded
  • 2012 Partnered, Series B
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bluevine
bluevine

Bluevine provides small and medium-sized businesses with access to fast and simple financial products through an advanced, online platform.

Milestones
  • 2013 Founded
  • 2015 Partnered, Series C
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breadAcquired by Alliance Data
bread

Bread is a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions.

Milestones
  • 2014 Founded
  • 2017 Partnered, Series B
  • 2020 Acquired by Alliance Data
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Carta is a software platform for founders, investors, and employees to manage cap tables, equity, and ownership.

Milestones
  • 2012 Founded
  • 2017 Partnered, Series C
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chime_logo
chime_logo

Chime helps members avoid bank fees, save money automatically, and lead healthier financial lives.

Milestones
  • 2012 Founded
  • 2018 Partnered, Series C
finch
finch

Finch allows applications to access data and make changes across payroll and HR systems through a single API.

Milestones
  • 2020 Founded
  • 2020 Partnered, Seed
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polly
polly

Polly is a software platform transforming mortgage capital markets through workflow automation, optimizing execution, and actionable data analytics.

Milestones
  • 2019 Founded
  • 2021 Partnered, Series A
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Our perspective

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Cracking the Black Box of Alts Investing: Our Series A Investment in Arch

Arch Labs is building the digital backbone to aggregate and connect upstream GP portals and fund admins so investors can automate manual processes like document collection and capital calls, and make better, data-driven investment decisions.

Our Investment in Luca: The AI-Driven Pricing Co-Pilot for Large E-commerce Companies
Hat Trick: Menlo’s Third Investment in Finch in Three Years
Menlo’s Fintech Outlook for 2023
Finch: Bringing Data Interoperability to the Employment Sector
recession
How Key Sectors Might Fare During a Post-COVID Recession
Aunkur Arya, Partner, Menlo Ventures
Meet Aunkur Arya: Menlo’s Newest Venture Partner

Siteline: Attacking the Payments Problem in Construction

As repeat investors in the construction technology space, we have been vocal about the opportunities to build valuable companies in the category.

Bringing Mortgage Tech into the Modern Age: Our Investment in Polly

The U.S. mortgage industry is one of the largest in the world, with roughly $11 trillion of residential mortgage debt outstanding and $2.6 trillion of new originations forecasted this year.

Our Investment in CloudTrucks: Bringing Critical Solutions to Truckers Powering the Supply Chain
A New System of Record for the Enterprise: Our Investment in Vareto
Our Series A Investment in Prodigal: Humanizing the Lending Process and Ecosystem
Our Investment in Airbase: Streamlining the Office of the CFO

Don’t Forget the Pipes! Why Insurtech Infrastructure Is Poised to Be Huge!

Insurtech has been hot—at least seven venture-backed insurers will have gone public since the second half of 2020.

Cheers to Chime: Finally, a Bank Consumers Can Love!
Bringing Utility to Crypto, BitPay Closes Series B Financing
Cracking the Black Box of Alts Investing: Our Series A Investment in Arch

Arch Labs is building the digital backbone to aggregate and connect upstream GP portals and fund admins so investors can automate manual processes like document collection and capital calls, and make better, data-driven investment decisions.

November 9, 2023Croom Beatty and Andreas Vandris
Our Investment in Luca: The AI-Driven Pricing Co-Pilot for Large E-commerce Companies

Retail e-commerce is as old as the advent of the web. In the decades that followed, a wave of innovation across supply chain, logistics, advertising, payments, checkout, and storefront tech has vastly improved the consumer e-commerce experience.

April 28, 2023Aunkur Arya and Andreas Vandris
Hat Trick: Menlo’s Third Investment in Finch in Three Years

Congratulations to Jeremy Zhang, Ansel Parikh, and the Finch team on raising their Series B! For Menlo, it’s an exciting milestone, marking the third consecutive round we’ve invested in Finch.

February 22, 2023Croom Beatty
Menlo’s Fintech Outlook for 2023

At Menlo Ventures, we’ve invested in fintech for a long time and, despite the volatility of the last two years, believe there’s still a lot to be excited about.

February 15, 2023Aunkur Arya, Croom Beatty and Tyler Sosin
Finch: Bringing Data Interoperability to the Employment Sector

The fintech industry has grown exponentially in recent years with a next-gen cohort of outstanding entrepreneurs deconstructing monolithic legacy solutions.

June 8, 2022Croom Beatty and Matt Murphy
How Key Sectors Might Fare During a Post-COVID Recession

As we consider the post-COVID economy, we reflect on previous recessions to inform our predictions about how various asset classes and business models might perform.

June 1, 2022Steve Sloane
Meet Aunkur Arya: Menlo’s Newest Venture Partner

Today, we are excited to welcome Aunkur Arya as Menlo’s newest venture partner and key leader in our fintech practice.

May 24, 2022Matt Murphy
Siteline: Attacking the Payments Problem in Construction

As repeat investors in the construction technology space, we have been vocal about the opportunities to build valuable companies in the category.

February 24, 2022Tyler Sosin
Bringing Mortgage Tech into the Modern Age: Our Investment in Polly

The U.S. mortgage industry is one of the largest in the world, with roughly $11 trillion of residential mortgage debt outstanding and $2.6 trillion of new originations forecasted this year.

January 26, 2022Tyler Sosin
Our Investment in CloudTrucks: Bringing Critical Solutions to Truckers Powering the Supply Chain

Trucking is the backbone of America. And despite its critical hand in the supply chain, the $700 billion industry hinges on personnel, yet fails to offer drivers streamlined solutions for managing their operations.

November 30, 2021Steve Sloane and Feyza Haskaraman
A New System of Record for the Enterprise: Our Investment in Vareto

Digital transformation has swept through nearly every department across the enterprise. However, for all the significant tech innovation in recent years, financial planning and analysis (FP&A) teams have been sadly underserved.

October 1, 2021Naomi Pilosof Ionita
Our Series A Investment in Prodigal: Humanizing the Lending Process and Ecosystem

There is currently $15 trillion of consumer debt in the U.S. Lenders pay hundreds of billions of dollars to acquire customers, underwrite them, and then give them a loan. But then what?

July 22, 2021Croom Beatty
Our Investment in Airbase: Streamlining the Office of the CFO

We’re thrilled to announce, after well over a year’s pursuit, that we are investors in Airbase!

June 8, 2021Matt Murphy
Don’t Forget the Pipes! Why Insurtech Infrastructure Is Poised to Be Huge!

Insurtech has been hot—at least seven venture-backed insurers will have gone public since the second half of 2020.

April 27, 2021Steve Sloane
Cheers to Chime: Finally, a Bank Consumers Can Love!

Today, we’d like to congratulate Chime on their $200 million fundraising round led by DST, with participation from Menlo Ventures, Cathay Innovation, Forerunner, and more.

March 5, 2019Shawn Carolan and Steve Sloane
Bringing Utility to Crypto, BitPay Closes Series B Financing

As with any technological or process breakthrough, we see a lot of hype and uncertainty surrounding the space, but beneath the confusion, there exists significant utility.

April 3, 2018Croom Beatty
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