Moneybox is a UK savings and investment app that offers mobile-based saving and investing services. Founded in 2015, it reports more than one million customers and a 35,000-strong shareholder community that includes crowdfund, retail and employee investors. The company made a pre-tax profit of £27m in the year ending May 2024, reversing a £4.1m loss the prior year, while revenues rose from £29m to £77m in the period. Its value has nearly doubled to about £550m following a £70m investment from Apis Global Growth Fund III and Amundi. Moneybox is facilitating a secondary share sale to enable existing investors and its shareholder community to realise some of their holdings. Leadership changes accompanying this stage include chairwoman Laurel Powers-Freeling stepping down and co-founder Ben Stanway taking on the chair role. Moneybox is a London-based digital wealth manager that provides saving, investing, home-buying, and retirement products through a single consumer app. The platform is supported by technology and customer support and aims to simplify long-term wealth generation for retail customers. The company plans to grow its customer base, introduce financial planning services, and launch an enhanced investing proposition focused on long-term wealth generation. Moneybox was launched in 2016 and serves a community of more than 800k customers, with over £2.9bn in assets under administration. It has a team of around 300 employees and recent senior appointments include Laurel Powers‑Freeling as Chair of the Board, Karen Kerrigan, Cecilia Mourain, and Caroline Murphree (joining next month). Following the new funding, Moneybox intends to deploy capital toward product expansion and customer acquisition. Moneybox is a London-based saving and investing app founded in 2015 by Charlie Mortimer and Ben Stanway. It offers a range of savings and investment products, including Lifetime ISAs and pensions. The company reported a community of more than 450,000 customers, a team of 120 people and £1bn in assets under administration. It has raised £51.3m in total funding to date. Moneybox intends to use the new funds to build on its product offering, invest in new technology and scale the team. Moneybox provides an app that allows people to save as they spend and invest spare change from £1 into three tracker funds featuring companies such as Netflix, Unilever and Disney. The app has been used by more than 100,000 people to date. Moneybox is authorized and regulated by the Financial Conduct Authority. The company intends to use new funding to build out its team and develop new products and content. As of this round the startup has raised a total of £21.3m. Founded in 2015 and based in London, UK, Moneybox focuses on simplifying small-scale investing for retail users. Moneybox is a savings and investment app that lets users round up everyday card transactions and invest the spare change into three tracker funds within a Stocks & Shares ISA. Led by Ben Stanway, the company plans a private beta in the next few weeks for the thousands of users who have signed up, with a full public launch expected in August. The company was authorized by the FCA in May after participating in the Innovation Hub. Moneybox raised $1.75M in the recent funding round, bringing total pre-launch funding to $4.75M. The funding will be used to accelerate product development and scale the customer base. Daniel Godfrey joined the board as part of the round.

Total raised

$198M

Funding rounds

6

Latest round

Equity

Latest activity

Oct 2024