10 years ago

Moneybox Secures $3 Million Seed Funding to Revolutionize Millennial Savings

  • Moneybox, a UK-based savings and investment app for millennials, has raised $3 million in seed funding

  • The round was led by Samos Investments, with participation from unnamed angel investors

  • The funding will be used to expand the team and develop the app ahead of its launch in early 2016

  • Moneybox allows users to round up their digital spare change from everyday card transactions into a stocks and shares ISA.

      • ProblemFinancial Services

      "Millennials find it difficult to save and invest money due to complex processes and lack of accessible options."

      Solution

      "Moneybox is a mobile app that simplifies saving and investing for millennials by allowing them to round up everyday card transactions and invest the spare change into a stocks and shares ISA."

      Covered on