Oxford Capital ’s Post

Moneybox raises a $70 million round and hits a $550 million valuation after reporting profit #Moneybox, the London-based savings and investment #fintech platform founded in 2015 by Ben Stanway and Charlie Mortimer, has secured a £550 million valuation ahead of a secondary share sale after moving into profitability. This new valuation marks an impressive 84% increase from its March 2022 Series D funding round. The surge comes after a £70 million investment from new backers Apis Global Growth Fund III and French asset manager Amundi. Apis has committed around £60 million, while Amundi has invested £8 million. This deal allows both firms to purchase stock from Moneybox's existing investors, including employees, enabling the fintech's approximately 35,000 investors to offload 10% of their holdings. Moneybox operates a comprehensive wealth management app offering services in saving, investing, home-buying, and retirement planning. With over one million UK customers and managing assets exceeding £10 billion, the company has demonstrated significant growth. For the financial year ending 31 May 2024, Moneybox reported an annual pretax profit of £26.5 million, a substantial turnaround from a £4.1 million loss the previous year. Revenue soared to £77.2 millionfrom £28.7 million. Co-founder and Executive Chair Ben Stanway expressed confidence in the company's trajectory, stating, "Our high customer retention, sustained growth, and increasing profitability underscore the strength of our business." As part of the new investment, Amundi will be represented on Moneybox's board by Paris-based VC firm Breega, while Apis will take a seat as a board observer. Existing investors include Fidelity International Strategic Ventures, Oxford Capital , Breega, Burda Principal Investments, and CNP. Philippe d’Orgeval, Amundi’s UK CEO, commented, "Our investment reflects our commitment to supporting innovative fintech solutions that enhance financial inclusion and drive sustainable growth." The article on CITYAM – Preparing cities for sustainable Urban Air Mobility in the first comment.

More breaking news with Moneybox announcing a big jump in valuation after a £70m investment from tech investor Apis Global Growth Fund III and Amundi, a European asset manager. Ben Stanway and team are building a powerhouse financial services brand 🚀 In what is fast becoming a trend (among their progressive #fintech peers at least), they will be extending the opportunity to sell shares as part of the transaction to employees, early investors and the 26,000+ investors we manage on their behalf. Following the acquisition we made last year and our continued investment in our secondary capability we can manage liquidity events for companies at scale. This will be the largest secondary transaction by number of sellers ever completed in the UK and EU. We now manage close to 1 billion individual securities for investors in 125 countries and the Crowdcube team are looking forward to working on more liquidity events for private companies over the coming months. We will have completed close to £20m in secondary transactions in Q4 alone. You can read more about the deal in the article from Tech.eu below. https://lnkd.in/dUuZ9dJz

Did you miss the big news at Silverflow? We have announced this week that we have a new Supervisory Board! Read more about this below. #News #Silverflow #SupervisoryBoard

InvestaX is now excited to be offering yield bearing #RWA tokens. Ironically, one of the reasons there is so much buzz around Real World Asset Tokenization now, is that in the last DeFi meltdown of 2022/23, there were billons of $ sitting in USDC/USDT and other coins earning 0% yield. #USDT and #USDC the leading USD stablecoins pay 0% interest but are crucial to the cryptocurrency ecosystem and are the main trading pairs for many of the crypto in the world today. So groups started tokenizing treasuries and money market funds onchain (which were paying historically high returns) so that those holding stablecoins could earn yield. This marked the first real time the crypto/defi industry realized and understood the value of tokenization of real world assets including financial instruments as well as private credit, real estate, private equity etc etc Larry Fink also blessed the market by stating every asset will be tokenized and it will be on chain/public protocols. We recently integrated with BASE protocol, Coinbase's protocol who are also one of our investors, but also have polygon, Kaia and other protocols available. Yield bearing tokens are clearly securities, so it makes sense to buy/invest into them on licensed platforms (not unlicensed cryptocurrency exchanges or "defi" platforms that claim they are decentralized and don't need securities licenses, this is total nonsense. Our beloved Uniswap Labs took down all their #RWA tokens because they don't have any securities licenses. It is what it is, but we've done the hard work to make this possible for our community. I wasn't that excited in these types of products initially, when interest rates fall and crypto starts to pump again (cue right now) so will the appetite, HOWEVER, unlike other types of digital assets, they are a vital part of the ecosystem and will grow exponentially over time (good times and bad), especially when the next crypto bear market sets in, there will be even more stablecoins by volume looking for yield which they won't get elsewhere. Our mission is to provide a suite of RWA token assets for investors to invest, trade and lend (this is huge and in the works) and a product like earn and our partners at OpenTrade begin another exciting chapter for the InvestaX platform and community In a world of digital currencies there is a world of digital securities all coming together to create the next generation of investments, join us to get started www.investax.io Thank you for reading all the way to here. 🐂 🐂 🐂

NEW: When interest rates rose sharply at the tail end of 2022, London-based savings platforms Flagstone found itself in demand.    The company, which provides savings products for consumers and fintechs like Revolut on a white label basis, quickly became profitable. In the process, it attracted a new kind of investor that had long shied away from VC-backed fintechs: private equity.    “In pretty short order, we grew very rapidly and became profitable,” Flagstone’s cofounder and CEO Simon Merchant told me, explaining how the shift gave Flagstone more options for raising fresh capital to finance its growth. “The fact that we became profitable really opened up the opportunity to do a more sizeable round with a private equity fund.” In March this year Flagstone closed a £108m funding round from American PE firm Estancia. And it’s not the only fintech to take PE capital this year. Data from Dealroom shows that 14 European fintechs raised funding rounds with PE firms as the sole backer in the first quarter of 2024 — the highest since Q3 2022 when 23 such deals were closed. Learn more about why PE is so interested in fintech — and what that means for founders below (featuring comment from Barbod Namini and Norton Rose Fulbright's Frank Henkel) 👇👇👇 https://lnkd.in/e9sTghEQ

💥 Boom 💥 We've just secured another round of funding, and I couldn't be happier. It's more than just money—it's a huge vote of confidence in our strategy, and I'm incredibly proud of what we've accomplished together. And hey, this is just the beginning! If you're looking for seamless access to local payment methods, look no further! Reach out to us, and let's make your payment experience not just easier, but truly delightful. 🚀 #payments #funding #investment Motie Bring Rahul Raswant Bernie Miles Eelco Dettingmeijer Selene Brett

It’s been 4.5 months since we first published the Great Restoration and we’ve seen these “restorative” moves play themselves out in real-time.  In April, Synapse filed BK which caused thousands of accounts to be frozen and Evolve Bank & Trust to be hit with a cease-and-desist order related to its third-party fintech relationships.  The BAAS (banking-as-a-service) market is reeling with all players (fintech’s, banks and regulators) trying to figuring out the future; but do but you know what ---- the weaker solutions may go away, rules will become clearer and the scalable, focused players will come-out better positioned, though it may take years.  In May, Revel Systems, the restaurant POS system once hailing near unicorn status was acquired by Shift4 for $250M as investors needed to close out a fund and move-on.  Revel is a great solution and Shift4 will do amazing things with it, allowing the bundling and scaling of services;  but if you invested in revel at $500M+, well – let’s just say it didn’t play out the way folks thought.   And in June, we saw Payroc acquire the payments assets of i3 Verticals. i3 made the strategic decision to focus on software as their core business and sell their payments assets to PayRoc who has done a solid job of amassing payments volumes in their march to a future IPO as outlined by their president in a recent article.  Three big moves in three short months with more on the way. We are seeing the Great Restoration play itself out.  Position yourself and your organization appropriately …. https://lnkd.in/gpeC6DZe #restoration #focus #scale #fintech #payments #liquidity #mergers

Big Moves in Fintech! Coop Exchange hits a £10 Million Valuation! Exciting news in the financial sector as Coop Exchange, a forward-thinking fintech startup, completes its pre-seed funding with a bang! This round, spearheaded by Co-operators Financial Services Limited, lands them a cool £10 million valuation—that's about $17 million CAD for those counting! Sustainable Goals, Real Impact! Coop Exchange isn't just about money; it's about making a difference. Their platform is set to revolutionize how cooperatives and mutuals access capital, opening doors to new investments and promoting sustainable growth. Their goal? To tackle wealth inequality head-on and make investment opportunities accessible to all. Cooperative Principles at the Forefront With plans to become a regulated stock exchange, Coop Exchange will allow cooperatives to list financial instruments with a sustainable twist. This approach ensures that while investors see returns, cooperative values of community and mutual benefit are upheld. Co-operators Leading the Way The involvement of Co-operators Financial Services isn't just financial; it's a strategic move aligning with their long-standing commitment to positive community impact and sustainable investment. They're not just backers; they're believers in a future where finance serves the greater good. What's Next for Coop Exchange? With such strong backing and a clear vision, Coop Exchange is poised to be a key player in reshaping how we think about money and community. This is more than an investment; it's the dawn of a new era in cooperative finance. P.S. Are you ready to invest in a future that values community and sustainability? Let's make it happen together! Savannah Hart, Conor H., Harshal Goel, James Kouzinas, Kavisha Patel, Alicia Motta, 🎢 ,,Abdulkadir Mhin   #Fintech #Innovation #SustainableFinance #Mondayfunding

Read our FinTech primer 🔗 The UK is a global FinTech powerhouse, and the current wave of FinTech exits and secondaries is testament to the quality of the UK's founders and operators and an indication that the sector continues to mature. FinTech is a key pillar within the Love Ventures investment thesis, with portfolio companies like Tembo, Banked : and Detected all recently announcing strategic partnerships and successes. 💡 To learn more about why we believe that FinTech is set to continue to be a vital part of the UK's growth economy, check out the article linked in the comments 👇

After an impactful journey dedicated to bridging financial gaps, CapWay has officially shut down. While it's a tough ending, founder Sheena Allen remains committed to driving financial inclusion and fighting for economic equity. Read more about CapWay's mission and the challenges that led to this decision. https://lnkd.in/dj4HYzmc #fintech #financialinclusion #economicjustice #CapWay