Moneybox secures Series C follow-on investment from BurdaPrincipal Investments
BurdaPrincipal Investments has participated in a Series C funding round for the UK saving and investing app alongside existing backers.
Moneybox is a digital wealth management platform that helps customers across the UK manage their savings, investments, home-buying, and retirement needs.
Moneybox has secured a Series C follow-on investment from BurdaPrincipal Investments to support its ongoing growth. The funding round also saw participation from existing backers including Fidelity International Strategic Ventures, Breega, Open CNP, and Oxford Capital. Moneybox provides savings and investment products to more than 500,000 customers in the UK, using technology to simplify personal finance management. The company will use the capital to further its mission of helping people save and invest for their future.
Investor perspective
"While BPI has a clear focus on marketplaces and platforms, we expanded our focus into the fintech industry by concentrating on business models that require no or a minimum of regulated equity amount only."
Christian Teichmann
Managing Director, BurdaPrincipal Investments
Investors
Christian Teichmann
BurdaPrincipal Investments
Fidelity International Strategic Ventures
Breega
Open CNP
Oxford Capital