Hitting 1 million customers
What drove us to invest?
We’re passionate about backing purpose led businesses, Moneybox offers customers an accessible way to manage their money and plan their life goals, focusing on customer acquisition at the beginning of their saving and investing journey.
The founders, Ben Stanway and Charlie Mortimer both had a strong track record – Ben founded Bloom & Wild and Charlie was instrumental to the growth of Wowcher.
We first invested in Moneybox’s seed round in 2015 at a pre-revenue stage before the business had a single customer and have participated in every round since (bringing in a number of top institutional investors), including its £35m Series D round in 2022. It has raised in excess of £100 million to date.
How has the business grown?
From an initial offering enabling people to ‘invest their spare change’ into a Stocks & Shares ISA, Moneybox now helps over 1 million customers build wealth with confidence across all their saving, investing, home-buying, and retirement needs and manages over £4bn in assets.
It is the clear market leader in Lifetime ISAs and the second-largest wealth manager in the UK by number of customers.
It’s focused on building its customer base and introducing new financial planning services in the future.