More than 10,000 investors took part in the fundraiser.
British Fintech company Moneybox recently announced that it has started its Crowdfunding campaign on Crowdcube 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 Finance Magnates reported, 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.
Commenting on the campaign, Ben Stanway, Co-founder of Moneybox said in the statement: "We're thrilled to have kicked off our first ever crowd raise, giving our amazing community the chance to be a part of our journey and help us become one of the largest saving and investing platforms in the UK."
"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 percent year on year.
"With over 10,000 investors, Moneybox is one of the most popular campaigns in Crowdcube's history," added Luke Lang, co-founder of Crowdcube in the statement.
"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."
British Fintech company Moneybox recently announced that it has started its Crowdfunding campaign on Crowdcube 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 Finance Magnates reported, 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.
Commenting on the campaign, Ben Stanway, Co-founder of Moneybox said in the statement: "We're thrilled to have kicked off our first ever crowd raise, giving our amazing community the chance to be a part of our journey and help us become one of the largest saving and investing platforms in the UK."
"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 percent year on year.
"With over 10,000 investors, Moneybox is one of the most popular campaigns in Crowdcube's history," added Luke Lang, co-founder of Crowdcube in the statement.
"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."
Mastercard Teams Up with Fintech Startups to Accelerate Digital Payment Solutions
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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