# Digital Moneybox

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/digital-moneybox

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.moneyboxapp.com
- Total disclosed funding: $108M
- Latest round: Series D (Mar 25, 2022)
- Investors on record: 6

## About

Digital Moneybox Limited is a UK-based financial technology company that facilitates investments by allowing users to invest their spare change through a user-friendly app, promoting financial literacy among everyday consumers.Founded in 2015 and headquartered in London, UK, Digital Moneybox Limited operates a platform that simplifies investing for retail clients. The company was co-founded by Ben Stanway and Charlie Mortimer, who has experience in building financial services companies. Digital Moneybox has successfully completed six funding rounds, with the most recent funding round in October 2024 raising GBP 70 million led by Apis Partners, bringing the total amount raised to GBP 70 million and the current company valuation to GBP 550 million.Moneybox offers a platform that enables users to invest their spare change via round-ups from everyday purchases. This service allows users to accumulate investments in various asset classes, including stocks and funds. Targeted primarily at retail investors, Moneybox aims to enhance financial literacy and facilitate gradual portfolio building. The company has expanded its services beyond the UK to reach customers in several European markets, appealing to young professionals and first-time investors.In 2023, Moneybox reported a revenue of GBP 34,535,669.60, with an EBITDA of GBP -853,572.90. The company generates income through subscription and management fees for its investment services, allowing clients to access premium features and retain a percentage of assets under management, which supports its B2C model.With the recent GBP 70 million funding raised in October 2024, Digital Moneybox Limited plans to expand its services and accelerate business growth. The company aims to introduce new products designed to enhance user experience and broaden its investment offerings. Additionally, it is targeting further expansion into new European markets to increase its customer base and market presence.

## Funding rounds

- Series D, Mar 25, 2022, $46M — Oxford Capital Partners, Eight Roads Ventures, Polar Asset Management Partners, Compagnie Nationale à Portefeuille, Breega
- Series C, Mar 1, 2020, $38M — Eight Roads Ventures, Compagnie Nationale à Portefeuille, Breega
- Series B, Jun 19, 2018, $19M — Oxford Capital Partners, Eight Roads Ventures, Samos Investments
- Seed, Jul 8, 2016, $1.8M — Oxford Capital Partners, Samos Investments
- Seed, Aug 6, 2015, $3.1M — Samos Investments

## Investors

- Samos Investments (https://capitalatlas.ai/funds/samos-investments) — Seed, Series B
- Oxford Capital Partners (https://capitalatlas.ai/funds/oxford-capital-partners) — Seed, Series B, Series D
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series B, Series C, Series D
- Compagnie Nationale à Portefeuille — Series C, Series D
- Breega (https://capitalatlas.ai/funds/breega) — Series C, Series D
- Polar Asset Management Partners (https://capitalatlas.ai/funds/polar-asset-management-partners) — Series D