Tech

MoneyBox Secures £ 6.25m Follow On Investment in Series D via Crowdcube – UK Technology Investment News

  • Destroying the original £ 1 million investment target in just 25 minutes, 8,700 people invested £ 3.7 million before crowdfunding even went public.
  • Crowdfunding was launched to give the Moneybox community the opportunity to share and shape the company’s future success, together with the main institutional investors
  • Moneybox has raised over £ 100 million, including a £ 35 million Series D funding round led by Fidelity, announced last month
  • Moneybox is now the second and third most popular crowdfunding campaign in Europe, ever!

May 13, 2022: After just 72 hours, the award-winning digital wealth manager, Piggy bank, has closed its second crowdfunding campaign. In 3 days, more than 15,000 people invested over £ 6.25 million in what is Crowdcube’s most popular crowdfunding campaign of the year so far.

Moneybox now holds the record for the second and third most popular crowdfunding campaign in Europe, ever!

Crowdfunding was launched to give the Moneybox community the opportunity to share and shape the company’s future success, alongside key institutional investors. 8,700 people within the Moneybox community invested £ 3.7 million before crowdfunding even went public.

Moneybox has experienced exponential growth since its launch in 2016. From an initial offering that allows people to “put their loose change” in an ISA for stocks and shares, Moneybox now helps over 850,000 customers build wealth with confidence across all their savings, investments, home-buying and retirement needs.

The AUA has grown to exceed £ 3.1 billion and, with a team of 330, Moneybox is now the clear market leader in lifetime ISAs and is the UK’s second largest wealth manager by number of clients.

Together with the £ 35 million Series D investment announced last month, the funds will be used to broaden the client base, enhance the investment proposition and focus on exciting new ways to guide and support people in financial planning. for today and tomorrow.

Ben Stanway, co-founder of Moneybox, commented: “We are blown away by the welcome we received from our second public relaunch this week. Giving our community the opportunity to share and shape our future has always been a priority and until now our customers have been instrumental in the evolution of our products and services. Given the current economic climate, our mission to help people build wealth with confidence has never been more important. Our goal now is to find new ways to guide and support people in financial planning throughout their lives. By continuing to focus on the underserved mass market, we believe we are on track to create the class-defining equity platform of the UK. ”

Matt Cooper, Crowdcube Commercial Director, commented: “Congratulations to Moneybox on another historic milestone on Crowdcube! We like to see forward-thinking companies, such as Moneybox, support inclusion by placing it at the center of their business by transforming their customers into shareholders. “

-END

Notes to the editor:

Moneybox Crowdfund Investor Presentation Available upon request

The 5 most popular crowdfunding campaigns (in which they participated) in Europe, by far

Agency No. of investors Amount raised
Monzo 35.911 £ 19,928,675
Piggy bank (2020) 16,712 £ 7,074,588
Piggy bank (2022) 15,352 £ 6,257,218
Chip 12,492 £ 10,876,793
Curve 10,562 £ 9,097,660

* Source: Crowdcube. Most popular by number of investors in Europe to date.

About Piggy Bank:

Moneybox is the award-winning app with a mission to help people build wealth with confidence so they can enjoy life, today and tomorrow. Launched in 2016 by co-founders Ben Stanway and Charlie Mortimer, the company has experienced rapid growth and today has over £ 3 billion in assets and a community of over 850,000 customers. Moneybox offers a range of great value products and services, including savings, investing, home buying and retirement, as well as useful tools and educational content, to help people manage and achieve their short, medium and long term financial goals. . Moneybox allows customers to set aside money however they like using rounding, regular deposits or instant payments. In March 2022 Moneybox raised £ 35 million in a Series D funding round, led by Fidelity International Strategic Ventures, existing investors Oxford Capital, CNP, Burda and Breega, as well as new investor Polar Capital. This brings the total funds raised by the digital wealth manager to over £ 100 million.

About Crowdcube:

As the world’s first and largest investment crowdfunding platform, Crowdcube enables entrepreneurs to raise finance with the added benefit of being crowd-supported. For investors, Crowdcube offers a way to personally select a stake in an innovative business that traditionally would have been reserved for corporate investors. www.crowdcube.com

Contacts:

Joanne Leahy, PR and Communications Manager, piggy bank

[email protected]

07791894469

Digiqole announcement

MoneyBox Secures £ 6.25m Follow On Investment in Series D via Crowdcube – UK Technology Investment News

Source link MoneyBox Secures £ 6.25m Follow On Investment in Series D via Crowdcube – UK Technology Investment News

Back to top button