Moneybox, a UK-based saving and investing app, has joined fintech giants Monzo and Revolut in carrying out secondary share sales. This is common in startups as it lets shareholders to cash out some of their investment and welcome new investors.
In a recent development, the fintech app has announced that new investors – Apis Global Growth Fund III and Amundi have joined its investor base. They join existing investors Fidelity International Strategic Ventures, Oxford Capital, Breega, Burda, and CNP. They will play an important role in accelerating the next phase of development and growth for the business.
Apis Global Growth Fund III (for which Apis Partners LLP is the portfolio manager) is the lead investor in the transaction. Amundi will be represented by Breega (in which Amundi is an investor).
Valuation leapfrogs to £550M
As per the company, the combined investment accounts for £70 million. This was mainly facilitated through a secondary share sale, with existing investors selling 10-15% of the current share capital. This move values the company at £550 million, which is an 84% increase since its Series D round in 2022.
As part of the secondary share sale, Moneybox’s 35,000-strong shareholder community, including crowdfunding investors, customer shareholders, and employee shareholders, will all have the opportunity to sell 10% of their holding and realise some value from the company’s strong growth trajectory.
What does Moneybox do?
Ben Stanway and Charlie Mortimer co-founded Moneybox in 2016. It is a digital wealth manager that offers a range of products and services for saving, investing, home-buying, and retirement in a single app. It aims to help people achieve their financial goals with greater confidence. Moneybox has become the leading provider of Lifetime ISAs (Individual Savings Account) in the UK, supporting more than half a million aspiring first-time buyers to save their first home deposit and helping nearly 70,000 buy their first home far sooner than would otherwise have been possible.
Last year, the company had over £5bn in assets under administration, supporting a growing community of more than 1 million customers to achieve their financial goals and build wealth with confidence.
Ben Stanway, Co-Founder and Executive Chair of Moneybox, said: “We are excited to welcome Apis and Amundi, who share our vision for how we can help millions of customers build wealth so they can live the life that they want – whether that’s saving for their first place in their 20s, being their own boss in their 40s, or taking the gap year that they never got round to in their 60s. Their expertise and support will be invaluable as we move into the next stage of our journey.”
Matteo Stefanel, Co-Founder and Managing Partner at Apis Partners said: “Moneybox is revolutionising the way people approach personal finance by making saving and investing more accessible and understandable. Moneybox’s mission to help everyone save and build wealth for the future aligns with Apis’ democratisation of finance theme and Impact goals, and we’re excited to support the team in this phase of their journey.”
Udayan Goyal, Co-Founder and Managing Partner at Apis Partners said: “Apis sees huge potential in companies that harness the power of technology to disrupt traditional financial services. Moneybox is at the forefront of this trend, using automation, personalised insights, and digital-first solutions, and we are confident that this partnership will accelerate the company’s growth and market leadership further.”
Ben Marrel, Co-founder & CEO, Breega added: “Moneybox is the only real solution making savings accessible to all, tapping into a huge market and empowering people financially. Beyond their deep understanding of the personal finance gap and vision for their company, Ben and Charlie have consistently delivered exceptional execution, crafting products people genuinely need and love. The impressive growth, driven by operational excellence and efficiency, has already led Moneybox to profitability—and that’s a true mark of performance. We’re also incredibly proud to see our long-time LP Amundi, the largest wealth manager in Europe, join the Moneybox journey, further validating its market potential and success.”
Philippe d’Orgeval, Chief Executive Officer of Amundi in the United Kingdom added: “As the leading European asset manager, we are thrilled to join Moneybox in its mission to empower individuals to build wealth with confidence. Our investment reflects our commitment to supporting innovative fintech solutions that enhance financial inclusion and drive sustainable growth. We believe that Moneybox’s strong market position and track record make it a great partner as we work together to help customers achieve their financial aspirations.”
David Mott, Founder Partner at Oxford Capital said: “We led the seed round into Moneybox in 2016, before it had any customers, and we’ve backed founders Ben and Charlie at every stage since. We are thrilled to have helped hundreds of EIS investors take part in Moneybox’s growth, some of them achieving a 17x return on their investment. Moneybox has become one of the most impactful companies in the wealth management sector, helping thousands of people to buy their first home and many more secure their financial futures.”
Matt Cooper, co-CEO of Crowdcube: “This marks the largest secondary liquidity event ever for a private company in the UK and EU by number of sellers! More than 26,000 retail investors backed Moneybox in some of Europe’s most successful retail investment rounds for a private company, and it’s fantastic to see them now being rewarded with the chance to sell part of their shareholding.”
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