UK fintech company Moneybox has achieved a new valuation of £550 million, marking an 84% increase since its Series D round in March 2022. This boost comes as the result of a significant secondary share sale, where existing investors have sold a portion of their shares to two new institutional investors, raising approximately £70 million.
Moneybox’s remarkable growth over the past year has contributed to this success, with the company now reporting its first full year of profitability. Its assets under administration (AUA) have exceeded £10 billion, and the platform has seen a 168% increase in year-on-year revenue growth. Serving over 1 million customers, Moneybox continues to establish itself as a leader in helping people across the UK save, invest, and plan for their financial future.
One of the most noteworthy aspects of this secondary sale is the return on investment for early backers. Oxford Capital, which initially invested in Moneybox through its Enterprise Investment Scheme (EIS) fund, is set to see up to a 17x return on its investment. Additionally, investors who participated in Moneybox’s Crowdcube crowdfunding rounds will have the opportunity to sell up to 10% of their shares, providing liquidity that is rare in the UK’s fintech sector.
This transaction highlights the growing investor confidence in UK fintech companies, with Moneybox joining the ranks of fintech giants like Revolut and Monzo in successfully navigating secondary share sale
