October 13, 2026
To our customers and partners,
Today, I’m excited to share that DebtBook is becoming Monetary. It’s a change that better reflects the scope of the work we do for our customers and where we’re headed next.
When we started the Company nearly eight years ago, we believed something simple: that the people responsible for a city’s debt, a university’s cash, a water authority’s investments, and those serving them, deserved software built specifically for them. Not a spreadsheet. Not a corporate tool stretched to fit. We believed government and nonprofit finance, debt and treasury management in particular, needed to be served by world-class, purpose-built tools, and we wanted to be part of the solution. We named the Company DebtBook because that’s exactly what we did, we helped organize and optimize an organization’s debt, making it easier to manage and optimize.
Along the way, our customers asked us for more. When a sweeping new lease accounting standard threatened to bury finance teams in manual work, they asked if we could help. So we built it. Thousands of finance teams now use us to manage that requirement, not because we set out to become a lease accounting company, but because that’s what serving our customers actually looks like: showing up for the problem in front of them.
Even as we moved quickly, we never lost sight of why we started. Debt management was never the whole story. It was always one piece of something larger: treasury. For the governments and nonprofits we serve, that distinction isn’t academic. These organizations are funding some of the most capital-intensive work in the country: schools, roads, airports, water systems, transportation infrastructure, and hospitals, among others. Managing the debt that funds those projects, tracking the cash flow it requires and produces, and investing the proceeds responsibly aren’t three isolated jobs – they are interconnected and interdependent, usually done by the same team, without tools built to support all of it together.
We’ve seen what happens when a platform actually connects that work: customers capturing real basis points on refinanced debt, real yield on cash that would otherwise sit idle earning next to nothing, and real hours back for teams stretched thin. That’s not a nice-to-have, it’s dollars that show up in a budget instead of being left on the table. Debt, cash, and investments were always interconnected. They deserved a single, best-in-class platform that treats them that way.
This year, we brought that vision to life. We launched cash and investment management alongside debt management, on one platform, for the same teams. And we built the team to back it, recruiting best in class leadership for sales, partnerships, implementation, and product from a global leader, and bringing on public finance experts who understand this work from the inside.
Having successfully launched the platform, we are now embedding the efficiency of a true agentic experience into the foundational systems our customers trust. By infusing our work with this intelligence, we’re doing more than building tools—we’re meaningfully increasing the value we deliver, acting as a force multiplier for the teams we serve.
That’s an important evolution, as the pressure on these finance teams is compounding. They’re facing tighter budgets, aging systems, and a wave of retirements that is draining institutional knowledge exactly when it’s needed most. This confluence of events all while they’re responsible for trillions of dollars in public debt, and trillions more in cash and investments — most of them with a small or even fractional team managing their treasury. Relying on legacy tools to navigate this complexity isn’t just inefficient; it’s a significant risk.
Monetary’s AI treasury platform will act as a force multiplier—a digital analyst that helps teams manage these constraints, automate the heavy lifting, and secure the financial resources their communities depend on. Ultimately, we aren’t just handing our clients better software; we’re growing their team and expertise: the tools and the knowledge, always on, always thinking, protecting and optimizing, in a single package.
And we aren’t stopping there. We’re expanding our platform to the professional community that is instrumental to the success of government and nonprofit leaders: public finance bankers, underwriters, advisors, and lawyers. We’re building a platform purpose-built for this industry, utilizing governed probabilistic AI anchored by deterministic logic that is fully auditable, reconcilable, and trustworthy.
All of that is why, when we looked at what we’ve become and where we’re headed, we agreed: DebtBook doesn’t fit anymore. It doesn’t describe what we have evolved into and where we were going — only where we started.
We wanted a name that matched who we are now: the platform that public sector treasurers, and the finance and accounting teams who support them, use to protect, deploy, and grow their financial resources. The application layer that lets them treat cash as a strategic asset instead of a liability to manage, and that funds the continued investment in the goals and the mission they showed up to serve.
That’s why we chose Monetary.
Our mission is to make purpose-built intelligence that empowers public sector finance leaders to optimize every dollar — creating the clarity, confidence, and capacity to fund what matters most.
I want to be direct about what “what matters most” means to me. When our customers manage their financial resources better, that strength doesn’t stay on a balance sheet. It’s deployed to deliver a critical service in a community. It looks like more teachers in a classroom. Safer streets. Cleaner water. Better care for someone’s mom, or dad, or child, or spouse. It’s an ambulance that shows up in time. It’s a child who gets fed. I’m not trying to be dramatic, that’s the actual, literal outcome of the work our customers do every day, and it’s the reason I’ve spent my career building tools to help them do it a little better.
We are honored to be part of that work, and even more honored that you’ve trusted us with it. Thank you for believing in us as DebtBook. I hope you’ll believe in us just as much as Monetary.
With gratitude,
