Moneybox

Moneybox is a London-based savings and wealth management app. Launched in 2016, it allows customers to invest the spare change from card payments, offering users a range of savings and investment products including Lifetime ISAs, personal pensions, savings accounts, and mortgage advice. The platform currently boasts more than 600,000 customers and new users can open a savings or investment account from as little as £1. Moneybox also provides a separate app to allow users to open Junior ISAs on behalf of a child or relative under the age of 18. Any money saved or invested with Moneybox is protected up to £85,000 by the Financial Services Compensation Scheme. In July 2020, Moneybox secured £30 million ($37.6 million) in Series C funding and announced a crowdfunding campaign to bring its customers on board. The VC round was led jointly by Eight Roads and CNP, with participation from Breega and existing investors.