Moneyshake secures £1m seed investment from Maven to expand its vehicle comparison platform.
NPIF Maven Equity Finance provided the capital to support product development and audience growth.
Moneyshake operates an online vehicle leasing and purchase comparison platform that connects users with finance deals. The company partners with various leasing businesses and financial platforms to display competitive offers.
Moneyshake has secured £1m in seed investment from NPIF Maven Equity Finance to expand its reach and develop its product offerings. The funds will be directed towards enhancing the platform's price comparison technology and launching a commercial leasing service.
The car leasing comparison provider recently experienced a record month for broker and dealer conversions. Alongside its core offerings, the company partners with firms like ClearScore and Money Supermarket to distribute deals to a broader audience.
Dean Cox of Maven noted the company's strong management team and ambitions within the fintech sector. Eben Lovatt, chief executive of Moneyshake, welcomed the backing as the business enters its next phase of growth.
Investor perspective
"This exciting, customer-centric business is a great addition to the Maven and NPIF portfolio. The business has great future ambitions and is fast becoming a key name within the fintech industry. We have been impressed by the quality of the management team and existing shareholder base."
Dean Cox
Senior Investment Manager, NPIF Maven Equity Finance
Use of funds
- 01Continue product development
Investors
About the company
Moneyshake
Moneyshake provides an online car leasing and purchase comparison platform.