Moneybox raises £6.25m on Crowdcube

Digital wealth manager Moneybox has raised £6.25 million its second crowdfunding campaign on Crowdcube.

Over the three days, more than 15,000 people invested in the company, 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 campaigns in Europe, the company said.

Moneybox raised over £7 million on Crowdcube in 2020. Monzo holds the record for the highest amount raised on Crowdcube with its £20 million crowfunding round in 2018.

Moneybox said a total of 8,700 people invested £3.7 million before the latest crowdfund even went public.

The digital wealth manager says it now has over 850,000 customers and is the second-largest wealth manager in the UK by number of customers.

Together with a £35 million series D investment announced last month, the new funds will be used to grow the customer base further and to develop enhanced services.

“We're blown away with the reception our second crowd raise received this week,” said Ben Stanway, Moneybox co-founder. “By continuing to focus on the under-served mass market, we believe we are on a path to create the UK’s category-defining wealth platform.”

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