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Moneybox’s valuation climbs to £550m with new £70m investment

October 27, 2024

Moneybox Funding: UK-based Moneybox secures £70 million, raising its valuation to £550 million, an 84% increase from 2022.
New Investors: New investors Apis Partners and Amundi join existing backers like Fidelity International and Oxford Capital.
Secondary Share Sale: Existing investors will sell 10-15% of shares; aligns Moneybox with other UK fintechs like Revolut and Monzo that have conducted similar sales.
Shareholder Opportunity: 35,000 shareholders, including crowdfunders, customers, and employees, can sell 10% of holdings.
Company Background: Founded in 2015 by Ben Stanway and Charlie Mortimer, Moneybox offers over one million customers a money management app for saving and investing.
Record-Breaking Event: Labelled by Crowdcube as the largest secondary liquidity event for a private company in the UK/EU by number of sellers.
Valuation Increase: Valuation rose to £550 million, with share price up to £10.08 from £5.58 in Series D.