Moneybox raises £7m in crowdfund round

Latest News

Moneybox raises £7m in crowdfund round

By Hannah McGrath

31/07/20

Savings and investments app Moneybox has completed a £7 million crowdfunding round in just two days.

A total of 16,738 investors participated in the round, making it one of the most successful to have been launched on CrowdCube.

The company said it is planning to use the funds to fuel further growth and build its tools, technology and products.

The crowdfund comes after it announced reaching £1 billion in assets and securing £30 million from professional investors in a Series C funding round.

Ben Stanway, co-founder of Moneybox, said: “Securing this funding enables us to continue to build the products, tools and technology to help people achieve their goals easily - whether it’s buying a house, saving for retirement or just a rainy day.”

New Business Frontiers

FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance

FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud

In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.