17 July 2020

Moneybox raises £30m Series C

Written By FinTech Alliance

Moneybox raises £30m Series C

The London-based FinTech looks to build on the current trend in increased personal savings 

In Brief

  • Moneybox now holds £1bn in assets under administration from more than 450,000 customers.
  • Customer growth is up 121 per cent since June 2019 with an average of £100m being deposited every month.
  • Since launching the company has raised over £51m, with this latest round coming from both new and existing investors.  

What does this mean?

Saving and investment apps have experienced a surge in both customers and deposits during the coronavirus pandemic as customers seek to shore up their financial well-being. During lockdown some also have found themselves with extra funds to invest.

Read more here

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