4 years ago

Moneyhub Secures $18 Million to Expand Open Finance Platform

  • Moneyhub, a UK-based Open Finance data, intelligence and payments platform provider, has raised a total of $18m in funding

  • The round was led by Sir Peter Wood, via a newly formed investment vehicle SPWOne, with participation from all initial investors

  • The company intends to use the funds to accelerate the growth of its offerings and expand into new markets and wider industry sectors, including wealth, insurance and retail

  • Moneyhub's platform offers an agile suite of Open Banking and Open Finance data connections, intelligence and payment solutions through APIs and white-label products, allowing clients to access data, analytics and smart, actionable insights.

      • ProblemFinancial Services

      "Many businesses struggle to understand and engage with their customers in a meaningful way, limiting their ability to provide personalized solutions and improve customer satisfaction."

      Solution

      "Moneyhub offers a platform that uses Open Banking and Open Finance data to provide businesses with insights into their customers' financial behavior, enabling them to tailor their services and create better customer experiences."

      Covered on