7 years ago

Moneybox Raises €15.9 Million to Empower Millennials with Investing

  • Moneybox, a London-based fintech startup, has secured €15.9 million in Series B funding led by Eight Roads

  • The funding will be used to expand the company's service and help millennials invest for their future

  • Existing investors Oxford Capital Partners and Samos Investments also participated in the round

  • Moneybox aims to make investing accessible and simple, offering a platform where users can start with as little as £1 and invest in tracker funds

  • The company has helped over 100,000 people start their investing journey since launching in 2015.

      • ProblemFinancial Services

      "making investing accessible and easy for millennials who are growing up without the tools, information or confidence they need to build their financial future."

      Solution

      "Moneybox offers a simple and intuitive app that allows users to invest with as little as £1. The app features round ups, which automatically invest spare change from purchases, making investing part of everyday life. Users can choose from three simple investment options: cautious, balanced, and adventurous, which invest in tracker funds run by Vanguard, Henderson, and BlackRock."

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