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