UK-based saving and investing app Moneybox has raised £30m in Series C funding earlier this year from existing investors including Eight Roads, and new investors Breega and CNP.
The additional £30m takes total funds raised by the company to £51.3m.
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Following the financing round, the company announced a crowdfunding venture to share in its growth journey alongside existing professional investors.
The company intends to use the proceeds from crowdfunding and the financing round to expand its product offering, invest in new technology, and scale the team.
Moneybox co-founder Ben Stanway has been quoted by UKTN as saying: “We’re really pleased to have continued support from Eight Roads, and to welcome on board new investors CNP and Breega as we work to further execute on our mission of helping everyone save and invest for their future.
“We are also very excited to announce our first ever crowdfund, giving our community the chance to be a part of our journey. We want to give everyone the opportunity to share and shape our future success and help us become one of the largest saving and investing platforms in the UK.”
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By GlobalDataFounded in 2015, Moneybox provides a range of saving and investment products including Lifetime ISAs and Pensions. The company is said to have over 450,000 customers and a team of 120people.
As of now, the company has a total of £1bn in assets under administration.
In 2018, the company announced an Open Banking integration with Santander. It also raised £14m capital in Series B funding round, the same year.
