Company Database - Moneyhub

Open Data. Open Possibilities.

Website

www.moneyhub.com

Company description

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. 

Active since

2014

Head office

Bristol, UK

Country offices in

UK

Founder(s)

Dave Tonge

Funding rounds and investors

Major share holders: Sam Seaton (MBO), Dave Tonge (MBO), Dan Scholey (MBO), Rael Gordon (MBO) in 2017, Nationwide in 2018, SPWOne (Sir Peter Wood) in 2021, Lloyds Banking Group, Legal and General, Phoenix Group in 2022. 

Number of employees

130

Member of industry association and/or initiatives

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

Active Participants 
MaPS Pensions Dashboard Programme steering committe 
MaPS Pensions Dashboard Programme sandbox alhpa 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"

Awards

2023 Schroders UK Platform Awards
Winner: Leading Digital Platform & Leading Innovation in Workplace Solutions

2023 Corporate Adviser Awards
Shortlisted: Best Financial Welllbeing Provider

2023 AltFi Awards
Open Banking Provider of the Year

UK Fintech Awards 2023
Shortlisted: Best Pensions Tech and Personal Finach Tech

2022 Moneyfacts Awards
Winner: Investment Life and Pensions

2022 Schroders UK Platform Awards
Winner: Leading Digital Platform

2022 Inspiring Workplaces Awards 

2022 UK Fintech Awards
Winner: Best Employer
Winner: Rising Star - Ingrid Anusic

2022 Paytech Awards 
Winner: Best PayTech Leadership (Moneyhub CTO 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 W
inner: 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: https://www.moneyhub.com/our-awards

Contact

0044 (0)117 280 5155

Core solution

The company`s core solutions

Open Banking, Open Finance and Open Data connectivity. Data enrichment and analytics. Affordability, personal financial management. Payments. Decisioning. Pre-built industry specific client solutions that reduce cost and drive revenue.

What problem does the company solve?

Moneyhub enables the building of personalised propositions through Open Banking, including access to customer financial transactions as well as the ability to make payments, from bank and investments to pensions and properties. Providers utilise this information to develop new business offerings, improving convenience and experience for their customers.

Major use cases & products

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.

Competitive advantage

Moneyhub has consistently led the legislative, standards, and commercial agenda for Open Finance and Open Data. Moneyhub's competitive advantage isn't just from its team of experts but also the underlying platform, specifically the breadth of coverage and the only truly machine learning based categorisation and data enrichment engine. 

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 Open Banking APIs, Berlin Group APIs, STET APIs and many proprietary API.

Do you have a fallback mechanism for PSD2`s API?

Yes we have a number of different approaches that are introduced depending on the type and duration of the outage.

Geographical coverage

Total Global Connections: 17,825
Countries globally: 37
UK Connections: 460
Connections are constantly added.

Connected banks

For more info, please contact our sales team

What account type do you serve: consumer, business, or corporate?

Consumer, Business and Corporate. 

Account coverage (%) across countries/regions

For more info, please contact our sales team

Do you offer a developer portal? 
What tooling do you provide for developers?
Do you provide sandboxes and a testing environment?

Yes, we have normal & interactive docs and we work extremely closely with developers during onboarding and afterwards and provide a service desk. Yes we also provide a sandbox that can be used in production. Link to developer portal.

Number of signed-up developers

For more info, please contact our sales team

Number of total end users

For more info, please contact our sales team

Target market

Target segments/industries

  • Bank 
  • Building Society 
  • Employee Benefits 
  • Fintech 
  • Insurance 
  • Lending 
  • Pensions 
  • Retail 
  • Telecoms 
  • Wealth Management

Current customers

Aon, Akoni, Blackhawk, Hometrack (Zoopla), Legal & General, Lloyds Banking Group, Lumio, Mercer, Nationwide, OneBanks, Phoenix/Standard Life, Equals Money, Samsung, SEI, Sugi, The Big Exchange, Vodafone, Wealth Wizards, Zedosh and others under NDA.

Technology

Native Cloud

Software language

JavaScript

Software developement tools

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

When was the core technology developed

2014 onwards

Licencing

Supported licences

For more details, please contact our sales team.

Partners

Technology partners

For more details, please contact our sales team.

Distribution channels

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. 

Case studies

Case studies – examples

For a full list of case studies, please go to https://www.moneyhub.com/case-studies

Product roadmap

Planned features and releases/future plans

Pin Drop Life Events; Decumulation Monitor, Ecosystems, AI Assisted Money Management. Continued expansion into new territories and verticals. Maintain leading position for integrations, connectivity and quality of service.