Moneybox secures £6.3m through a Crowdcube campaign to expand its digital wealth platform
The digital wealth manager closed its latest crowdfund following strong retail demand.
Moneybox is a digital wealth management platform that helps customers across the UK manage their savings, investments, home-buying, and retirement needs.
Digital wealth manager Moneybox has closed its second crowdfunding campaign after securing £6.3m via Crowdcube. The raise attracted more than 15,000 participants, with a substantial portion committed before the campaign officially went public.
The fresh capital arrives shortly after the firm secured a £35m Series D round led by Fidelity. Funds from the latest crowdfund will be directed towards expanding the customer base and developing new financial planning features.
Moneybox now holds notable records within European crowdfunding, ranking among the most popular campaigns by investor participation on the platform.
From the founder
"We’re blown away with the reception our second crowd raise received this week. Giving our community the chance to share in and shape our future has always been a priority, and our customers have been instrumental in the evolution of our products and services to date. Given the current economic climate, our mission to help people build wealth with confidence has never been more important. Our focus now is on finding new ways to guide and support people with financial planning throughout their lives. 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."
Ben Stanway
Co-founder at Moneybox
Investor perspective
"Congratulations to Moneybox for another landmark achievement on Crowdcube! We love to see forward thinking businesses, like Moneybox, champion inclusion by putting it at the very core of the business by turning their customers into shareholders."
Matt Cooper
Chief Commercial Officer, Crowdcube
Use of funds
- 01Continue product development
- 02Accelerate go-to-market