Moneyhub has secured an additional £15m following their previously announced funding round
In brief:
-This follows an October raise of £35 million from Legal & General and Lloyds Banking Group and a £5 million debt facility provided from Shawbrook
-Phoenix already has a relationship with Moneyhub through a Standard Life financial wellness proposition for workplace pension customers
-Moneyhub cites Consumer Duty and Pension Dashboard legislation as two areas that its open data technology can help Standard Life with
What does this mean?
Recognising the importance of this partnership, chief executive of Standard Life, Andy Curran, notes that “Moneyhub is ... a natural partner for Phoenix Group and our Standard Life business as it drives data regulation and access to Open Finance”
