Company Database - Moneyhub

Open Data. Open Possibilities.

With over 17,825 global connections in 37 countries, Moneyhub is a data, intelligence, and payments company that develops ISO 27001 certified software for Open Banking, Open Finance, and Open Data applications. Its FCA-regulated Open Data platform enables companies to quickly and easily transform data into personalised digital experiences and initiate payments. Organisations, spanning finance to telecoms and retail, rely on Moneyhub’s award-winning technology.

Country offices in

UK & Slovenia

Founder(s)

Dave Tonge

Funding rounds and investors

Major shareholders: Sam Seaton, Dave Tonge, Dan Scholey, Rael Gordon, Nationwide, SPWOne (Sir Peter Wood) in 2021.

Number of employees

80

Member of industry association and/or initiative

Memberships

FDATA, OpenID, Ema, TISA, Money & Pensions Service (MaPS), Standard Financial Statement, Electronic Money Association.

Active Participants

  • MaPS Pensions Dashboard Programme steering committee

  • MaPS Pensions Dashboard Programme sandbox alpha partner

  • TISA OSIP steering committee

  • HM Treasury - co-author of the security chapter of the Open Banking Standard

  • CMA Open Banking Standard API

  • EBA PSD2 regulatory technical standards

  • FCA PSD2 Stakeholder Group

CTO Dave Tonge

  • Co-Chair of the Financial Grade API Working Group at the OpenID Foundation where he works on open standards for financial APIs and co-authored standards set to push Open Banking and Open Finance standards even further including the OpenID Connect Client-Initiated Backchannel Authentication (CIBA) Core Specification and Pushed Authorization Requests.

  • UK Expert at the International Organisation of Standardisation (ISO).

  • Member of TISA's Open Savings and Investments Working Group (OSIP).

  • Formerly lead technical representative for the Financial Data and Technology Association (FDATA).

  • Represented FDATA within the Financial Conduct Authority’s (FCA) PSD2 Stakeholder Group.

  • Works with the Open Banking Implementation Entity to define the standard for UK Banking APIs.

CEO Sam Seaton

  • Industry representatives in the steering group on the Government's Money & Pensions Service’s (MaPS's) Pension Dashboards Programme (PDP).

  • Steering committee member of TISA's OSIP steering committee.

  • NED on FDATA’s global board in order to support the roll out of Open Banking, Open Finance, and Open Data in the UK and globally.

  • Founding member of Open51, the organisation that promotes the role of women in developing open finance and the new data economy.

Awards

2022 Inspiring Workplaces Awards

2022 Paytech Awards

  • Winner: Best PayTech Leadership (Moneyhub CEO Dave Tonge)

2022 Payments Awards

  • Shortlisted:  ESG in Payments Initiative of the Year

  • Shortlisted: PSD2 or Open Banking Initiative of the Year

  • Shortlisted: Best In-store Payments Solution

2021 Open Banking Expo Awards

  • Winner: Best Open Banking Partnership - Consumer (Moneyhub & Mercer)

  • Winner: Best Open Finance Innovation

  • Winner: Open Banking Pioneer Award - Individual (Moneyhub CEO Sam Seaton)

2021 FDATA Global Open Finance Awards

  • Winner: Best use of OB in retail consumer money management propositions

2021 Schroders UK Platform Awards

  • Winner:  Leading Innovation in Workplace Solutions

  • Winner : Leading Digital Platform

2021 Pension Age Awards

  • Winner: Personality of the year award (Moneyhub CEO Sam Seaton)

2021 UK Fintech Awards

  • Winner: Pensions Tech award

  • Winner: Wealth Tech award

  • Winner: Director of the year (Moneyhub CEO Sam Seaton)

More here

Core solution

What are the company's core solutions

  • Open Banking, Open Finance, and Open Data connectivity.

  • Data enrichment and analytics.

  • Affordability, personal financial management.

  • Payments.

  • Pre-built industry – specific client solutions that reduce cost and drive revenue.

How it works

Moneyhub enables companies in various industries to benefit from Open Banking payments and to build personalised propositions with access to their customers' entire world of financial transactions, from banks and investments to pensions and properties. Retailers and telecom providers utilise this information to develop new business offerings and financial services providers use it for mortgage advice to life insurance.

What problem does the company solve

With Moneyhub’s award-winning APIs, widgets, and whitelabel solutions, clients can initiate payments or seamlessly connect to bank accounts, mortgages, properties, investments, pensions, and more. The platform, which offers everything from personal financial management and affordability tools, provides powerful analytics, and actionable insights to enable bespoke experiences and customer journeys.

Types of supported APIs/API standard supported

We provide a RESTful JSON API protected by FAPI (based on OpenID Connect and OAuth 2.0). We connect to OpenBanking APIs, Berlin Group APIs, STET APIs, and many proprietary APIs.

Industries/target markets

  • Bank

  • Building Society

  • Employee Benefits

  • Fintech

  • Insurance

  • Lending

  • Pensions

  • Retail

  • Telecoms

  • Wealth Management

Geographical coverage

  • Total Global Connections: 17,825

  • Countries globally: 37

  • UK Connections: 460

  • Connections are constantly added.

Number of connected banks

For more details, please contact our sales team.

Account coverage across countries/regions

For more details, please contact our sales team.

Number of signed-up developers

For more details, please contact our sales team.

Number of total end users

For more details, please contact our sales team.

Technology

Native Cloud

Software language

JavaScript

Software development tools

ReactJS, NodeJS, Docker, Kubernetes, AWS, VS Code, Bitbucket

When was the core technology developed

2014 onwards

Partners

Technology partners

For more details, please contact our sales team.

Distribution channel

For more details, please contact our sales team.

Business model

Pricing model

For more details, please contact our sales team.

Revenue streams

B2B, B2B2C, B2C.

Moneyhub supports a range of commercial models to align with client needs. Typically this is a licence fee and depends on the proposition required.

Business strategy resources

In-house and partnerships, depending on needs.

Future developments

For more details, please contact our sales team.

Customers/Case studies

Key customers

Aon, Akoni, Blackhawk, Hometrack (Zoopla), LEBC, Lumio, Mercer, Moneyed, Nationwide, OpenMoney, OneBanks, Phoenix/Standard Life, Roqqette, Samsung, SEI, Sugi, The Big Exchange, Vodafone, Wealth Wizards, Zedosh, and others under NDA.

Case studies

For a full list of case studies, please go to here