Moneybox Announces New £70M Investment, Secondary Share Sale & Valuation Of £550M
Summary
Moneybox announced a new £70 million investment led by Apis Global Growth Fund III, with Amundi also joining its investor base. The deal mainly takes the form of a secondary share sale, with existing investors selling a portion of their holdings. Moneybox says the transaction reflects its strong performance, including profitability, more than £10 billion in assets under administration, and rapid revenue growth. The company plans to use the backing to accelerate its next phase of development and growth in UK personal finance.
Funding
Amount
$89.0M
Total raised
Date
October 23, 2024
Announcement date
Investors
Crowdcube, Breega, Amundi
Lead investors
Company
moneyboxapp.com
Funded company
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