Moneyhub operates an open finance platform that lets app developers exchange financial data across multiple providers and streamline eligibility, affordability checks and payments. The company has positioned itself as a data and payments integration layer for UK financial services, working to bring its data up to open banking standards and to accept open banking payments on behalf of customers. Moneyhub closed a £55 million debt and equity funding round involving corporate and specialist-bank backers, and previously raised $18 million in early 2021 led by Sir Peter Wood. The October tranche comprised £35 million of equity and a £5 million debt facility, with Lloyds and Legal & General supplying equity alongside specialist bank Shawbrook. Phoenix Group committed an additional £15 million to close out the round and had already been collaborating with Moneyhub on open banking integration. CEO Sam Seaton has suggested the firm could pursue an IPO on London’s stock exchange at some stage, while upcoming UK initiatives such as the pensions dashboard and new consumer-facing transparency rules are expected to drive demand for Moneyhub’s services. Moneyhub is a Briston, UK-based Open Finance data, intelligence and payments platform that provides APIs and white-label products. Led by CEO Samantha Seaton, the platform offers Open Banking and Open Finance data connections, intelligence and payment solutions. Clients can access data, analytics and smart, actionable insights to understand and engage customers. The solution is used by clients including Mercer, Aon, Nationwide and Standard Life. Moneyhub intends to use the funds to accelerate the growth of its offerings and to rapidly expand into new markets and wider industry sectors including wealth, insurance and retail. The company raised a total of $18m in funding.

Total raised

$67M

Funding rounds

3

Latest round

Equity

Latest activity

Dec 2022