Moneybox is preparing a secondary share sale worth up to £45 million that will value the UK digital wealth management platform at approximately £800 million, or about $1.1 billion. The valuation represents an increase of approximately 45% from Moneybox’s previous secondary transaction in October 2024.
The planned transaction will allow eligible long-serving employees to sell a portion of their existing shares and realize some of the value created during the company’s growth.
Because the transaction is a secondary share sale, participating investors will purchase shares from existing holders rather than providing new capital directly to Moneybox.
The sale will take place through the London Stock Exchange’s Private Securities Market using the Private Intermittent Securities and Capital Exchange System, commonly known as PISCES.
Moneybox said the transaction will represent the first use of the PISCES framework by a leading UK fintech company.
PISCES provides private companies with a regulated structure for arranging intermittent share trading without completing a traditional public listing.
The framework can provide employees and other shareholders with opportunities to obtain liquidity while allowing private companies to maintain control over when trading occurs and which investors may participate.
Moneybox will operate the sale as a permissioned auction, meaning access will be controlled by the company.
The transaction will use a fixed-price mechanism to provide participants with certainty about the valuation and price applied to the available shares.
Crowdcube has received the exclusive mandate to manage the employee selling process and coordinate purchases by approved investors through its private market infrastructure.
Moneybox’s proposed transaction reflects growing demand among mature private technology companies for ways to provide employee and shareholder liquidity without immediately pursuing an initial public offering.
Private company employees can accumulate valuable equity over several years but may have limited opportunities to sell their shares until the company is acquired or goes public.
A structured secondary transaction can reward employees for their contributions while allowing a company to remain private and continue executing its long-term strategy.
Moneybox was launched in 2016 by Ben Stanway and Charlie Mortimer. The company began as a mobile application that helped users save and invest small amounts of money.
It has since expanded into a broader digital wealth management platform spanning savings, investing, home-buying, and retirement products.
Moneybox now serves more than 1.9 million customers and administers more than £23 billion in customer assets.
The company has helped more than 200,000 customers save toward purchasing their first homes.
During 2025, a Moneybox customer using a Lifetime ISA completed a home purchase approximately every 10 minutes.
Lifetime ISAs are tax-advantaged UK accounts designed to help eligible savers purchase a first home or prepare for retirement.
Moneybox has also reunited customers with more than £800 million in previously lost or disconnected pension assets.
The company paid more than £500 million in interest to cash savers during 2025 and has supported hundreds of thousands of customers investing for longer-term financial goals.
Moneybox generated more than £115 million in annual revenue during 2025 and completed its third consecutive profitable year.
Growth has continued during 2026, with more than 390,000 new customers joining the platform so far this year.
Moneybox also reported £3.5 billion in net inflows during the first half of 2026, reflecting the difference between assets entering and leaving the platform.
The company believes its increased valuation reflects continued customer growth, operational maturity and its expanding role across different stages of customers’ financial lives.
Moneybox is also investing in technology to make financial guidance and advice more accessible to a broader group of consumers.
The company launched Moneybox Aurora in late 2025 as the first stage of an effort to reduce the financial advice gap.
The platform is intended to provide more personalized financial guidance at a lower cost than many traditional advice services.
Moneybox plans to use technology to help customers make decisions involving saving, investing, home ownership and retirement while continuing to grow the business sustainably.
The secondary sale will provide an early demonstration of how the London Stock Exchange’s Private Securities Market can support liquidity for employees and other shareholders of growing private companies.
The transaction also gives approved investors an opportunity to purchase shares in Moneybox without the company completing a full public market listing.
Moneybox will continue to control investor access and oversee the process while Crowdcube manages the transaction infrastructure.
Crowdcube operates a private market investment platform connecting companies and existing shareholders with investors in more than 100 countries.
More than £1.5 billion has been invested through Crowdcube, which manages over £1 billion of securities for more than 450,000 investors.
Its portfolio includes interests in private technology and financial services companies such as Revolut, Monzo, Chip, Nothing Technology and Qonto.
For Moneybox, the planned £45 million transaction provides a way to recognize employee contributions while establishing a new benchmark valuation for the company.
KEY QUOTES:
“Over the last decade we’ve grown to be trusted with more than £23 billion of our customers’ money. That trust has always been our greatest responsibility, and it continues to inspire our mission to help everyone build wealth with confidence, giving more people the opportunity to get more out of life. Reaching an £800 million valuation is recognition of the progress we’ve made in building one of the UK’s leading wealth management platforms, the strength of our proposition and, most importantly, the trust our customers continue to place in us every day. As we look ahead, we’re excited by the opportunity to leverage technology to empower more people to make smart, confident choices with their money throughout their lives. The launch of Moneybox Aurora late last year marked the first step in our ambition to close the advice gap, making personalized financial guidance and advice accessible to millions more people at a fraction of the cost of traditional providers. As we continue on that journey, we remain focused on delivering great outcomes for our customers, growing the business sustainably and creating long-term value for our shareholder community. PISCES represents an important innovation for UK capital markets, and we are proud to be among the first companies helping demonstrate how it can support the next generation of ambitious private businesses.”
Ben Stanway, Co-Founder and Executive Chair of Moneybox
“We are delighted that Moneybox will be utilizing our Private Securities Market to facilitate an employee liquidity event. The growing momentum behind the Private Securities Market is testament to the innovative options it provides for private companies to offer liquidity to their different shareholders, while offering further routes for investors to access high-growth private companies.”
Dame Julia Hoggett, CEO of London Stock Exchange plc
“This continues the growth journey we started with Moneybox in 2020 and demonstrates their commitment to both helping employees realize value they’ve created and innovation in UK financial services through their use of PISCES and the Private Securities Market. We’re proud to play a part in it.”
Matt Cooper, Co-CEO of Crowdcube
