25 October 2022

Moneyhub raises £35mn led by Lloyds Banking Group, Legal & General

Written By FinTech Alliance

Moneyhub raises £35mn led by Lloyds Banking Group, Legal & General

Open banking business Moneyhub has raised £35mn funding and a £5mn flexible debt facility. 

In Brief: 

Moneyhub offers open finance, open data and payments solutions. 

Leading investors in the round Lloyds Banking Group and Legal & General will take minority stakes in the business. 

Meanwhile, Shawbrook Bank has provided a £5mn flexible debt facility. 

What does this mean? 

Notably, Moneyhub is describing these investments as ‘kicking off’ its current funding round. Lead investors Lloyds and L&G (the latter still subject to regulatory approval) will take minority stakes in the business and are looking to use Moneyhub’s tech to support strategic goals. 

Read more here. 

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