Total amount raised
$4.8 Million
Latest funding date
7/1/2016
Location
Moneybox has successfully raised funds over 11 rounds, with the latest being a Secondary Market round. The platform offers a variety of financial products, including Cash ISAs, Lifetime ISAs, Stocks & Shares ISAs, and personal pensions.
Keep reading to explore the intricacies of Moneybox's fundraising journey and the investors backing this innovative platform.
What Is Moneybox?
Moneybox is a financial services company based in London, England, United Kingdom. It operates in the banking, finance, and fintech industries, offering a range of savings and investment products. The company has a workforce of 251-500 employees.
Founded to help individuals build wealth, Moneybox provides various financial products, including Cash ISAs, Lifetime ISAs, Stocks & Shares ISAs, and personal pensions. The platform serves over 1.5 million customers and is regulated by the Financial Conduct Authority.
How Much Funding Has Moneybox Raised?
- Seed Round
- Amount Raised: USD 1,750,000
- Date: July 2016
- Lead Investors: Oxford Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Moneybox's savings and investment platform.
- Series B
- Amount Raised: GBP 14,000,000
- Date: July 2018
- Lead Investors: Eight Roads Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Series C
- Amount Raised: GBP 30,000,000
- Date: July 2020
- Lead Investors: Eight Roads Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance the platform's features.
- Equity Crowdfunding
- Amount Raised: GBP 6,849,844
- Date: July 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To engage the community and raise funds for further development.
- Series D
- Amount Raised: GBP 35,000,000
- Date: April 2022
- Lead Investors: Fidelity International Strategic Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and profitability goals.
- Equity Crowdfunding
- Amount Raised: GBP 6,250,000
- Date: May 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further engage the community and fund new initiatives.
- Secondary Market
- Amount Raised: GBP 62,500,000
- Date: October 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: GBP 550,000,000
- Motivation Behind the Round: To welcome new investors and provide liquidity to existing shareholders.
Total Amount Raised: USD 168,349,844. Current Valuation: GBP 550,000,000.
Key Investors
- Apis Partners
- Details: Apis Partners is a private equity asset manager focused on financial services in growth markets.
- Investment Focus Areas: Financial services, fintech, insurance
- Notable Investments: Not publicly disclosed
- Fidelity International Strategic Ventures
- Details: Fidelity International Strategic Ventures is a venture capital firm that invests in fintech and financial services.
- Investment Focus Areas: Fintech, financial services, technology
- Notable Investments: Not publicly disclosed
- Future Fifty
- Details: Future Fifty is a UK government-backed program that supports high-growth tech companies.
- Investment Focus Areas: Technology, innovation, growth-stage companies
- Notable Investments: Not publicly disclosed
- Eight Roads Ventures
- Details: Eight Roads Ventures is a global venture capital firm that invests in technology and healthcare.
- Investment Focus Areas: Technology, healthcare, consumer
- Notable Investments: Alibaba, Made.com, Neo4j
- Oxford Capital
- Details: Oxford Capital is a venture capital firm that invests in early-stage technology companies.
- Investment Focus Areas: Technology, media, telecommunications
- Notable Investments: Not publicly disclosed
What's Next for Moneybox?
Moneybox stands at the cusp of significant growth opportunities, driven by its diverse range of financial products and services. With over one million customers and £10 billion in Assets Under Administration, the platform is well-positioned to expand its market reach. The recent £70 million investment, led by Apis Global Growth Fund III and Amundi, underscores the potential for further innovation and customer acquisition.
Future fundraising opportunities appear promising, given the company's strong market position and profitability. The secondary share sale, allowing existing investors to sell 10-15% of their shares, indicates a healthy appetite for investment. This financial backing will likely fuel further development and expansion, attracting additional investors.
However, Moneybox may face challenges such as maintaining high customer retention and navigating competitive pressures in the fintech sector. Ensuring continued profitability while scaling operations will be crucial. Despite these hurdles, the company's focus on digital financial solutions and long-term financial planning positions it well for sustained growth.
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