Moneybox, the award-winning UK saving and investing platform, announced today that it has welcomed new investors Apis Global Growth Fund III and Amundi, enhancing its robust investor base.
These new partners join a lineup of prestigious existing investors, including Fidelity International Strategic Ventures, Oxford Capital, Breega, Burda, and CNP.
The company has successfully raised around £70m, facilitated primarily through a secondary share sale allowing existing investors to sell 10-15% of their current shares.
Moneybox provides a dynamic range of financial products and services aimed at helping individuals save, invest, buy homes, and plan for retirement. With over one million customers, the platform is designed to simplify financial management, enabling users to accumulate wealth effortlessly.
The fresh capital will be used to drive further innovation and growth, strengthening Moneybox’s market position. The company, which recently surpassed £10bn in Assets Under Administration (AUA) and reported a 168% revenue increase last fiscal year, is poised for continued expansion.
Additionally, this funding round highlights Moneybox’s commitment to its 35,000-strong shareholder community. Through the secondary share sale, these shareholders, including crowdfund investors and employee shareholders, will have the opportunity to realise part of their investments due to the company’s strong growth trajectory.
Ben Stanway, co-founder and executive chair of Moneybox, expressed his enthusiasm about the new partnerships and the secondary share sale. “We are excited to welcome Apis and Amundi, who share our vision for how we can help millions of customers build wealth so they can live the life that they want – whether that’s saving for their first place in their 20s, being their own boss in their 40s, or taking the gap year that they never got round to in their 60s. Their expertise and support will be invaluable as we move into the next stage of our journey.
“We are also delighted to be able to facilitate this secondary share sale to recognise the hard work of our team and also our investors, many of whom have supported us since inception. We want to enable our shareholder community to realise some of the value of their investment at this important juncture.
“Our high customer retention, sustained growth, and increasing profitability underscore the strength of our business, and we are excited about the incredible opportunity ahead.”
The announcement comes two years after Moneybox’s Series D funding round in March 2022, where it raised £35m. The firm has been on a consistent upward trajectory, marking its first full year of profitability in 2023.
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