Thursday, November 7, 2024
18.6 C
New York

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

  • Funding Secured: Moneybox raised around £70 million, boosting its valuation to £550 million, an 84% increase since 2022.
  • New Investors: London-based Apis Partners and French asset manager Amundi joined existing backers like Fidelity and Oxford Capital.
  • Secondary Share Sale: The funding is primarily through a secondary share sale, allowing existing investors to sell 10-15% of current shares.
  • Shareholder Opportunities: Moneybox’s 35,000 shareholder community, including crowdfund, customer, and employee shareholders, can sell 10% of their holdings.
  • Significant Milestone: Crowdcube’s Matt Cooper highlights this as the largest secondary liquidity event for a private UK/EU company by the number of sellers.
  • Company Growth: Founded in 2015, Moneybox now has over one million users and a valuation of £550 million, with a new share price of £10.08, up from £5.58 in 2022.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...
Exit mobile version