Moneybox, the award-winning saving and investing platform in the UK, has announced Apis Global Growth Fund III, a prominent investor in high-growth, impactful global financial services and technology businesses, and Amundi, Europe’s leading asset manager, have joined its investor base.
They join existing investors Fidelity International Strategic Ventures, Oxford Capital, Breega, Burda, and CNP and will play an important role in accelerating the next phase of development and growth for the business.
Apis Global Growth Fund III (for which Apis Partners LLP is the portfolio manager) is the lead investor in the transaction. Apis Partners LLP has significant insight on global financial services, technology, and ESGI. Amundi will be represented by Breega (in which Amundi is an investor).
Together, the combined investment is worth c.£70 million* and will mainly be facilitated through a secondary share sale, with existing investors selling 10-15% of the current share capital.
With a valuation of £550 million—an 84% increase since its Series D round in March 2022— this announcement highlights Moneybox’s strong market position, having achieved its first full year of profitability over a year ago and recently surpassed £10 billion in Assets Under Administration (AUA). In the last fiscal year alone, the business has successfully scaled revenues by 168% and AUA per customer by 46%.
As part of the secondary share sale, Moneybox’s 35,000-strong shareholder community, including crowdfund investors, customer shareholders, and employee shareholders, will all have the opportunity to sell 10% of their holding** and realise some value from the company’s strong growth trajectory.
Founded in 2015, Moneybox supports more than 1 million customers across the UK to save, invest, buy their first homes, and plan for a comfortable retirement. Moneybox is poised for continued success, driven by a clear mission to help people achieve their financial goals and build wealth with confidence.
Ben Stanway, Co-Founder and Executive Chair of Moneybox, said: “We are excited to welcome Apis and Amundi, who share our vision for how we can help millions of customers build wealth so they can live the life that they want – whether that’s saving for their first place in their 20s, being their own boss in their 40s, or taking the gap year that they never got round to in their 60s. Their expertise and support will be invaluable as we move into the next stage of our journey.
“We are also delighted to be able to facilitate this secondary share sale to recognise the hard work of our team and also our investors, many of whom have supported us since inception. We want to enable our shareholder community to realise some of the value of their investment at this important juncture.
“Our high customer retention, sustained growth, and increasing profitability underscore the strength of our business, and we are excited about the incredible opportunity ahead.”
Matteo Stefanel, Co-Founder and Managing Partner at Apis Partners: “Moneybox is revolutionising the way people approach personal finance by making saving and investing more accessible and understandable. Moneybox’s mission to help everyone save and build wealth for the future aligns with Apis’ democratisation of finance theme and Impact goals, and we’re excited to support the team in this phase of their journey.”
Udayan Goyal, Co-Founder and Managing Partner at Apis Partners: “Apis sees huge potential in companies that harness the power of technology to disrupt traditional financial services. Moneybox is at the forefront of this trend, using automation, personalised insights, and digital-first solutions, and we are confident that this partnership will accelerate the company’s growth and market leadership further.”
Ben Marrel, Co-founder & CEO, Breega: “Moneybox is the only real solution making savings accessible to all, tapping into a huge market and empowering people financially. Beyond their deep understanding of the personal finance gap and vision for their company, Ben and Charlie have consistently delivered exceptional execution, crafting products people genuinely need and love. The impressive growth, driven by operational excellence and efficiency, has already led Moneybox to profitability—and that’s a true mark of performance. We’re also incredibly proud to see our long-time LP Amundi, the largest wealth manager in Europe, join the Moneybox journey, further validating its market potential and success.”
Philippe d’Orgeval, Chief Executive Officer of Amundi in the United Kingdom: “As the leading European asset manager, we are thrilled to join Moneybox in its mission to empower individuals to build wealth with confidence. Our investment reflects our commitment to supporting innovative fintech solutions that enhance financial inclusion and drive sustainable growth. We believe that Moneybox’s strong market position and track record make it a great partner as we work together to help customers achieve their financial aspirations.”
David Mott, Founder Partner at Oxford Capital: “We led the seed round into Moneybox in 2016, before it had any customers, and we’ve backed founders Ben and Charlie at every stage since. We are thrilled to have helped hundreds of EIS investors take part in Moneybox’s growth, some of them achieving a 17x return on their investment. Moneybox has become one of the most impactful companies in the wealth management sector, helping thousands of people to buy their first home and many more secure their financial futures.”
Matt Cooper, co-CEO of Crowdcube: “This marks the largest secondary liquidity event ever for a private company in the UK and EU by number of sellers! More than 26,000 retail investors backed Moneybox in some of Europe’s most successful retail investment rounds for a private company, and it’s fantastic to see them now being rewarded with the chance to sell part of their shareholding.”
ENDS
Notes to editor:
*The final amount will be dependent on the final confirmed demand from Apis and is subject to FCA approval.
** Investors with more than one share are eligible to sell 10% of their shareholding (rounded up to the nearest share) at a share price of £10.08. This represents a substantial increase from the Series D valuation of £5.58 and the Series C valuation of £3.50.
Details of the Investment:
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Apis Global Growth Fund III SCSp has committed c.£60 million. Up to £ 5.5 million in primary capital, the remainder via secondary share sales.
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Amundi will purchase £8 million worth of secondary shares.
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Amundi will be represented by Breega (in which Amundi is an investor) on the Moneybox board, while Apis will take a seat as a Board Observer. The board remains chaired by Ben Stanway, Co-Founder, supported by Charlie Mortimer, Co-Founder, and non-executive directors Jeremy Marsden, Alokik Advani, and Ben Marrel.
About Moneybox:
Moneybox is the award-winning app on a mission to help people build wealth with confidence so they can enjoy life, today and tomorrow. Launched in 2016 by co-founders Ben Stanway and Charlie Mortimer, the company has experienced rapid growth, and today has over £10bn in assets and a community of more than 1 million customers. Moneybox provides a range of great value products and services across saving, investing, home-buying, and retirement as well as helpful tools and educational content to help people manage and achieve their short, mid, and longer-term financial goals. Moneybox enables customers to set money aside in the way that suits them best using round-ups, regular deposits, or instant payments. In March 2022 Moneybox raised £35m in a Series D funding round, led by Fidelity International Strategic Ventures, existing investors Oxford Capital, CNP, Burda and Breega, plus new investor Polar Capital. The business reported its first full year of profitability in 2023.
About Apis Partners:
The Apis Group (“Apis”) is an ESGI-native private equity and venture capital asset manager that supports growth-stage financial services and technology businesses globally by providing them with catalytic growth equity capital. Collectively Apis, through its team of around 40 professionals with deep industry expertise, manages or advises on total AUM of c.US$2.3 billion.
Headquartered in London, Apis has representation in seven countries globally. Apis is highly conscious of the impact that the provision of growth capital for financial services and technology businesses in global markets can achieve, and as such, financial inclusion and financial wellness are core tenets of Apis’ impact investment approach. https://apis.pe/
About Breega:
Breega propels pioneering and purpose-driven founders from idea into impact. We closed our first fund in 2015 and now have $700m AUM and +100 trailblazing portfolio companies among which Exotec (robotics & software), Moneybox (fintech), Alice & Bob (quantum) or 011H (climatetech) Crafted for founders by founders, we built Breega to provide start-ups with the help we wish we’d had. And we’ve created an investment proposition that’s purposefully designed : an Investment squad of former founders and startup scalers that have been through the highs and lows and a Scaling squad comprised of vertical experts from the finest startups to power your scaling journey. We invest in tech, deeptech and digital startups, focusing on pre-seed to Series A+ across Europe and Africa with offices in Paris, London, Barcelona, Lagos & Cape Town.
About Amundi:
Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers its 100 million clients – retail, institutional, and corporate – a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €2.1 trillion of assets[2].
With its six international investment hubs[3], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.
Amundi clients benefit from the expertise and advice of 5,500 employees in 35 countries.
Amundi, a trusted partner, working every day in the interest of its clients and society.
About Oxford Capital:
Oxford Capital is a specialist investment manager focused on high-potential investments in UK technology companies. With over 25 years of experience, we invest in sectors such as digital health, fintech, and artificial intelligence and have a strong focus on delivering value to our investors.
About Crowdcube:
As the world’s first and largest investment crowdfunding platform, Crowdcube enables entrepreneurs to raise finance with the added benefit of being backed by the crowd. For investors, Crowdcube provides a way to hand-pick a stake in an innovative business that traditionally would have been restricted to corporate investors. www.crowdcube.com
Contacts:
Joanne Leahy, PR & Comms Lead, Moneybox
07791894469