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Moneybox raises GBP 35 mln

Monday 4 April 2022 12:37 CET | News

Digital wealth manager Moneybox has raised GBP 35 million from Fidelity in a Series D funding round that will enable it to scale up its operations and launch crypto investments.

As well as Fidelity International Strategic Ventures, the new round was also joined by new backer Polar Capital along with several existing investors.

The funding comes just ahead of Moneybox hitting GBP 3 billion in assets under administration across its 800,000 customers.

With around 300 employees, the funding will be used to continue building Moneybox’s brand, growing its customer base, launching its first financial planning services, adding a broader range of ETFs, and introducing crypto investing.

Crypto further expands Moneybox’s offering, which today includes ISAs, LISAs, SIPPs, GIAs, JISAs, a cash platform, pension consolidation service, and mortgage advice service.


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Keywords: cryptocurrency, investment, funding, financial services, product launch
Categories: Banking & Fintech
Companies:
Countries: United Kingdom
This article is part of category

Banking & Fintech






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