Moneybox smashes £6.25m crowdfunding round ahead of crypto launch
Over 15,000 people invested in the fintech company which closed after just three days.
Digital wealth manager Moneybox has raised £6.25m in a crowdfunding round.
Coming at a time of turmoil in public stock markets, investors didn’t seem deterred by negative sentiment toward growth companies. Over 15,000 investors backed the round, which took in place on Crowdcube and lasted just three days.
“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,” said Ben Stanway,Moneybox co-founder.
It operates saving, investing, mortgages and pensions and most recently, as exclusively revealed by AltFi, is planning a foray into the crypto space.
Moneybox’s total haul to over £100m including a recent £35m Series D funding round led by Fidelity. Existing investors Oxford Capital, CNP, Burda and Breega, plus new investor Polar Capital Also took part.
No. of Investors