British fintech company Moneybox recently announced that it has started its crowdfunding campaign and has raised £4 million in four hours, with more than 10,000 investors taking part in the fundraiser.
According to a statement from the company released on Tuesday, Moneybox has now set the record for the largest number of investors in a single campaign in 2020. The company’s original target of £1 million was reached in 20 minutes.
Moneybox is a savings and wealth management platform. The fintech provides a range of savings and investment products, such as investing in stocks and shares, pensions and other investments.
Moneybox raises £30m in Series C funding round
As , earlier this month Moneybox revealed that it had closed a £30 million ($38 million) Series C funding round earlier in the year, with a mixture of new and existing investors participating in the round.
The Series C funding round was co-led by Eight Roads and CNP, with Breega also participating in the round. Moneybox had its Series B funding round back in 2018, where the UK fintech company managed to raise £14 million from investors.
Source: LinkedIn
“Securing this funding enables us to continue to build the products, tools and technology to help people achieve their goals easily – whether it’s buying a house, saving for retirement or just a rainy day…”
In addition to its success in funding rounds, the savings and wealth management platform recently reached £1 billion in assets. According to the company, it is growing at an average of £100 million per month, and its clients have an average balance of £2,273 on the platform. Customer growth is at 121 per cent year on year.
Source: LinkedIn
“Moneybox now has an extremely powerful core community of brand advocates who are passionate about their vision and I suspect these new shareholders will be hell-bent on spreading the word to help Moneybox grow even faster.”
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