Total amount raised
$4.8 Millions
Latest funding date
7/1/2016
Location
Moneybox has successfully raised significant funding across multiple rounds, attracting a diverse group of investors including Amundi and Apis Partners. The platform offers a range of financial services designed to help users save and invest their money efficiently.
Keep reading to explore the intricacies of Moneybox's fundraising journey and the investors backing this innovative platform.
What Is Moneybox?
Moneybox, founded in 2015 by Ben Stanway and Charlie Mortimer, is a London-based financial services company. The platform offers a user-friendly app designed to help individuals save, invest, and manage pensions with ease.
With a focus on building wealth over time, Moneybox provides various financial products, including ISAs, savings accounts, and investment options. The app also offers tools like roundups and deposit calculators to enhance user experience.
Currently, Moneybox employs between 251-500 people, reflecting its growth and commitment to helping over 1 million customers achieve their financial goals.
How Much Funding Has Moneybox Raised?
Seed Round
- Amount Raised: $1.8M
- Date: July 2016
- Lead Investors: Oxford Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of the Moneybox app and establish initial market presence.
Series B
- Amount Raised: £14M
- 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: £30M
- Date: July 2020
- Lead Investors: Eight Roads Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance technological infrastructure.
Equity Crowdfunding
- Amount Raised: £6.8M
- Date: July 2020
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To engage the community and raise funds for further expansion.
Non-Equity Assistance
- Amount Raised: -
- Date: April 2021
- Lead Investors: Future Fifty
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and mentorship.
Series D
- Amount Raised: £35M
- 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 expansion.
Equity Crowdfunding
- Amount Raised: £6.3M
- Date: May 2022
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further engage the community and raise additional funds.
Venture Round
- Amount Raised: £5.5M
- Date: October 2024
- Lead Investors: Apis Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To facilitate a secondary share sale and accelerate the next phase of development.
Secondary Market
- Amount Raised: £62.5M
- Date: October 2024
- Lead Investors: -
- Valuation at Round: £550M
- Motivation Behind the Round: To recognize the hard work of the team and investors, and to support further growth.
Total Amount Raised: $162.9M. Current Valuation: £550M.
Key Investors
- Apis Partners
- Details: Apis Partners is a private equity asset manager focused on growth markets. They specialize in financial services and related sectors.
- Investment Focus Areas: Financial services, technology, ESGI (Environmental, Social, and Governance Investing).
- Notable Investments: Moneybox.
- Amundi
- Details: Amundi is Europe’s leading asset manager, managing assets across a wide range of investment solutions. They are represented by Breega on the Moneybox board.
- Investment Focus Areas: Savings and investment solutions, financial inclusion, sustainable growth.
- Notable Investments: Not specified.
- Fidelity International Strategic Ventures
- Details: Fidelity International Strategic Ventures is the venture capital arm of Fidelity International. They focus on strategic investments in high-potential ventures.
- Investment Focus Areas: General venture investments.
- Notable Investments: Led the Series D funding round for Moneybox.
- Oxford Capital
- Details: Oxford Capital is a specialist investment manager focused on high-potential investments in UK technology companies. They have been involved with Moneybox since its seed round.
- Investment Focus Areas: Digital health, fintech, artificial intelligence.
- Notable Investments: Moneybox.
- Breega
- Details: Breega is a venture capital firm that supports pioneering and purpose-driven founders. They represent Amundi on the Moneybox board.
- Investment Focus Areas: Tech, deeptech, digital startups.
- Notable Investments: Exotec, Alice & Bob, 011H.
What's Next for Moneybox?
Moneybox stands at the cusp of significant growth opportunities, bolstered by new investments from Apis Global Growth Fund III and Amundi. With a valuation now at £550 million, the company is poised to expand its customer base beyond the current one million users and develop new products in saving, investing, home-buying, and retirement. The fintech industry’s increasing focus on digital-first solutions and ESG investing aligns perfectly with Moneybox’s mission to make personal finance accessible and understandable.
Future fundraising opportunities appear promising, with continued interest from both existing and new investors likely. The recent £70 million investment and secondary share sale highlight the strong market position and profitability of Moneybox, suggesting potential for additional funding rounds to support further innovation and growth. However, challenges such as maintaining high customer retention, navigating regulatory requirements, and managing competition in the rapidly evolving fintech landscape remain. Successfully addressing these challenges will be crucial for Moneybox as it continues to disrupt traditional financial services.
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