The return on investment comes as Apis Global Growth Fund III, a prominent investor in high-growth, impactful global financial services and technology businesses, and Amundi, Europe’s leading asset manager, join Moneybox’s investor base.

Together, their combined investment is worth c.£70 million and will mainly be facilitated through a secondary share sale, which includes some of Oxford Capital’s shares in Moneybox.

Oxford Capital retains the majority of its shares, with Moneybox’s valuation now £550 million – an 84% increase since its Series D round in March 2022. Oxford Capital remains one of the largest shareholders in Moneybox.

Moneybox achieved its first full year of profitability over a year ago and recently surpassed £10 billion in assets under administration (AUA). In the last fiscal year alone, the business has successfully scaled revenues by 168% and AUA per customer by 46%.

Moneybox supports more than 1 million customers across the UK to save, invest, buy their first homes, and plan for a comfortable retirement. It is poised for continued success, driven by a clear mission to help people achieve their financial goals and build wealth with confidence.

Oxford Capital has backed Ben Stanway and Charlie Mortimer, the founders of Moneybox, since the company’s earliest stages. Oxford Capital led Moneybox’s seed round in 2016, before it had any customers, and has invested in every funding round since.

Oxford Capital’s initial investment was via its Oxford Capital EIS Fund, which specialises in investing in early-stage UK technology companies. As Moneybox grew, Oxford Capital offered access to later rounds to members of its Co-Investor Circle, enabling them to invest directly into the business alongside institutional shareholders.

Investors who backed Moneybox via Oxford Capital benefited from the tax advantages of EIS, including 30% income tax relief, CGT deferral, Business Relief and more. As the investments have been held for more than three years, gains are tax free.

David Mott, Founder Partner of Oxford Capital, said: ‘We are thrilled with the brilliant success that Ben Stanway, Charlie Mortimer and their team are making of Moneybox. The company is backed by a great syndicate of investors and the £550 million valuation reflects the high-quality of the business.

“Moneybox is a great example of our strategy for EIS investing. We pick companies early, accepting the high risk profile. We work closely with the founders to support the take-off phase, establish governance, fine-tune the business model and build partnerships with other investors.

“Once we see a company take off, we usually have the opportunity to invest again and deploy more capital both from our EIS fund and via our Co-Investor Circle, offering access to off-market high-quality investment opportunities in which our conviction has grown.

“We continue to back Ben and Charlie as they scale up Moneybox to build one of the largest wealth management platforms in the UK. Moneybox still has a long way to go to realise its potential. Taking some profit at this stage makes sense for our clients while leaving the majority of their investment to run for the longer term.’

Ben Stanway, Co-Founder and Executive Chair of Moneybox, commented, "We are incredibly proud of the journey we've been on with Oxford Capital, from the very early days of Moneybox through to this exciting milestone. Their support and belief in our vision from day one have been invaluable, and we look forward to continuing our close partnership as we move into the next stage of our journey.”

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