Moneybox, a savings and investment app, has raised £35m in a recent investment round.
The round was led by Fidelity International Strategic Ventures. The company noted it has a second crowdfunding campaign coming up in May. To date, Moneybox has raised a total of £95.1m
Established in 2016, Moneybox claims its on a mission to help people build wealth with confidence and provides a range of products and services across saving, investing, home-buying, and retirement, all within app.
According to Moneybox, it will use the new funding to build the Moneybox brand, grow its customer base, introduce financial planning services and launch an enhanced investing proposition focused on long-term wealth generation.
Moneybox co-founder Ben Stanway said, “Our mission is to help people build wealth with confidence so they can enjoy life today and tomorrow. This new round of investment enables us to create even better services to help our customers succeed across their home-buying, retirement, savings and investing missions.
“By continuing to focus on the large and under-served mass market we believe we are on a path to create the UK’s category-defining wealth platform. We celebrate this moment with deep gratitude for our amazing team, our loyal customers, and our supportive investors.”
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