Exclusive: Moneybox hits one million customers and £5bn AUA
The fintech has been profitable since the second quarter of 2023
Saving and investing platform Moneybox has surpassed £5bn in assets under administration, supporting more than one million customers.
The fintech has growth by 43 per cent year-over-year and seen revenue growth of 1047 per cent over the last four years.
It has also remained profitable since the second quarter of this year.
“Against a backdrop of persistent cost of living challenges, our customers are saving and investing more than ever, in most cases because they are prioritizing their financial goals over their discretionary spending,” Moneybox co-CEO and co-founder Ben Stanway said.
“Moneybox is now profitable and this presents us with an amazing opportunity to re-invest these profits into the Moneybox proposition to make it even better for our customers.”
Since launching in 2016, Moneybox has become one of the leading Lifetime ISA providers in the UK, supporting more than 500,000 aspiring first-time home buyers and helping nearly 70,000 people buy their first home, sooner.
The app brings together savings, investing, home buying and retirement planning in one place, helping customers manage their short, mid and longer term goals.