Moneybox Secures £70M Investment, Doubling Valuation to £550M

Moneybox, the British savings and investment app, has secured a £70 million investment, significantly boosting its valuation to £550 million. The raise includes new investors such as Apis Global Growth Fund III and Amundi, alongside existing backers like Fidelity International Strategic Ventures, Oxford Capital, Breega, Burda, and CNP.

This investment was primarily facilitated through a secondary share sale, with existing investors selling 10-15% of their share capital. Moneybox’s 35,000-strong shareholder community, including crowdfund and employee shareholders, will also have the opportunity to sell up to 10% of their holdings.

Since its 2016 launch, Moneybox has evolved from offering spare change investment into Stocks & Shares ISAs to providing a full suite of saving and investment products. It now supports over a million UK customers in saving, investing, buying homes, and planning for retirement, managing over £10 billion in assets.

Ben Stanway, Moneybox’s executive chair, emphasized, “Our high customer retention, sustained growth, and increasing profitability underscore the strength of our business, and we are excited about the incredible opportunity ahead.”