17 July 2020

Moneybox raises £30m Series C

Written By FinTech Alliance in Personal Finance

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

Up Next ...
21 November 2024

Nubank Explores Legal Domicile Shift to the UK Amid Regulatory Changes

The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms

21 November 2024

Machine Learning: Revolutionizing Fraud Detection in Banking

These technologies enable financial institutions to analyze vast amounts of transaction data in real-time, identify suspicious activities, and minimize false positives...

21 November 2024

MeaWallet Partners with Integrated Finance to Enhance Digital Wallet and Secure Card Data Access for Fintechs

The collaboration is set to strengthen digital wallet payments and secure card data access capabilities for fintechs

20 November 2024

Atome Financial Secures $200M Credit Facility to Drive Growth

Atome plans to use the funds to strengthen its technological capabilities and grow its market presence, particularly among underserved, young consumers...

More in Personal Finance

Posted By The Community

Redefining retail investing with TradingJoe

07 December 2023

We sat down with Claudio, Co-Founder and COO at TradingJoe, ...

Written By: TradingJoe

Santander adds financial health tools for customers

02 December 2022

Santander has launched new tools to help its customers with ...

Rise in money management app downloads as cost of living bites

11 October 2022

New data from App Radar shows that new users of ...

Robinhood stock price surges

05 August 2021

The FinTech had a lacklustre debut on the Nasdaq last ...

There are no Knowledge Bank in this category

There are no Events in this category