Open finance provider Moneyhub closes £55m funding round
The fintech only earlier this month was named AltFi’s Open Banking Provider Of The Year 2022.
Yesterday FTSE 100-listed Phoenix Group, the parent company of Standard Life, completed the round with an additional £15m in equity.
“With Consumer Duty and Pensions Dashboard driving the need to focus on consumer outcomes, the only answer is to work in a trusted data-sharing approach with your customers.”
The overall investment will be used to support Moneyhub’s acceleration with ongoing development of its services, as well as speeding up its growth internationally.
For Phoenix Group, in particular, Moneyhub is already working with the company on better harnessing its customer data and rolling out open banking payments.
“Since the beginning, Moneyhub has been a trailblazer and at the vanguard of the data and payments revolution. Our market-leading Open Data solutions have the ability to help businesses with their growth objectives, while, in turn, improving the financial lives of their customers.”