News

Moneybox plans crypto and investment push with £35m Series D from Fidelity

Moneybox has raised £35m from asset management giant Fidelity

Digital wealth manager Moneybox has raised £35 million ($45.9 million) in a Series D round that will help it push into crypto products. 

As laid out in an interview with AltFi, co-founder and c0-CEO Ben Stanway said that the fintech firm would use the money to launch its first financial planning services, add a broader range of ETFs, and introduce crypto investing. 

Stanway gave the example of giving customers the option to hold “a couple of per cent” in Bitcoin as part of a larger portfolio.

The round was led by Fidelity International Strategic Ventures, alongside existing investors and new investor Polar Capital, and brings total funds raised by the digital wealth manager to £95 million. 

Moneybox’s platform currently supports more than 800,000 customers and has more than £2.9 billion in assets under administration, the company said in a press release. Since its Series C fundraise in July 2020, its assets under administration has more than tripled (+356%). 

The platform is the latest fintech to put its flag in the ground with regards to crypto. In March, Nordic neobank Lunar announced it was rolling out crypto tools alongside a $77 million raise. Investment app Acorns also joined the pack in March, by adding bitcoin exposure. The UK’s Revolut has long offered crypto investment tools and is said to be exploring a native token. Germany’s N26 is also reportedly due to launch a crypto trading tool through a partnership with Bitpanda.

“Moneybox is at a significant inflection point in its journey and this next chapter of growth will see them introduce new unique investment solutions helping to support millions as they save for the future,” said Alokik Advani, managing partner at Fidelity.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Victor

Recent Posts

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

2 hours ago

Step into BlockDAG’s Presale Frenzy This November: Secure a Massive 100% Bonus with BDAG100!

November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…

4 hours ago

OpenSea New Version Will Be Launched In December

OpenSea new version is scheduled to launch in December, with an improved user experience, improved…

4 hours ago

Bitcoin Price in 2025 Will Reach $200,000: Bernstein

Analysts at Bernstein predict Bitcoin price in 2025 could reach $200,000, driven by factors like…

5 hours ago

This website uses cookies.