What is Digital Moneybox?
Launched in 2016, Digital Moneybox, operating as Moneybox, has evolved from its initial success with a round-ups feature that enabled users to invest spare change. The company has since expanded its offerings to encompass saving, investing, home-buying, and retirement services, all accessible through a single, user-friendly app. Moneybox aims to empower hundreds of thousands of individuals across the UK to build wealth and achieve their financial goals with confidence, providing a suite of free tools, educational content, and award-winning customer support.
How much funding has Digital Moneybox raised?
Digital Moneybox has raised a total of $189.3M across 7 funding rounds:
Multiple Rounds
$6.7M
Series B
$9.9M
Series C
$37.6M
Series D
$45.9M
Not Disclosed
$89.2M
Angel/Seed (2016): $3M with participation from Betfair and Samos Investments Advisory
Series A (2016): $2M led by Oxford Capital
Private Equity (2016): $1.8M supported by Oxford Capital Partners and Samos Investments Advisory
Series B (2018): $9.9M featuring Eight Roads
Series C (2020): $37.6M backed by CNP, Eight Roads, and Breega
Series D (2022): $45.9M with participation from Polar Capital and Fidelity International Strategic Ventures
Not Disclosed (2024): $89.2M led by Apis Partners, Amundi, Fidelity International Strategic Ventures, Burda Principal Investments, Oxford Capital Group, and Breega Capital
Key Investors in Digital Moneybox
Apis Partners
Apis Partners is an investment firm that supports growth-stage financial services innovators aiming to create transformative impacts in their communities. They focus on companies that have established product-market fit and are ready to scale globally, particularly those serving low and middle-income consumers.
Fidelity International Strategic Ventures
Fidelity International Strategic Ventures (FISV) is an investment platform focused on redefining premium wealth management through strategic operational support and fintech expertise. They partner with innovative founders to cultivate unique opportunities within the fintech sector.
Burda Principal Investments
Burda Principal Investments (BPI), a division of Hubert Burda Media, provides long term growth equity for fast growing digital technology and media companies. Hubert Burda Media is a European media and technology conglomerate that was established in 1998.
What's next for Digital Moneybox?
The recent major enterprise-level funding round, particularly the strategic investment on November 12, 2024, positions Digital Moneybox for accelerated growth and market expansion. This influx of capital is likely to fuel further product development, enhance user acquisition strategies, and potentially explore new service verticals within the competitive fintech landscape. The company's trajectory suggests a focus on solidifying its position as a comprehensive wealth-building platform for a broad consumer base.
See full Digital Moneybox company page
