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Moneybox Celebrates Milestone Year – Exceeding £5 Billion in AUA, 1 Million Customers, and Reaching Profitability
Saving and investing platform Moneybox has been recognised as one of the fastest-growing technology companies in the UK for the 4th year in a row, placing 26th in the prestigious Deloitte UK Technology Fast 50.
Climbing 19 places since last year, this Deloitte Fast 50 ranking reflects the company’s accelerating growth trajectory with revenue growth of 1047% over the last four years.
Today, Moneybox has over £5bn in assets under administration (+43% YOY) and supports a growing community of more than 1 million customers to achieve their financial goals and build wealth with confidence. Moneybox has been profitable since Q2 2023.
Ben Stanway, Moneybox Co-Founder and Co-CEO commented; “We are delighted that Moneybox continues to be one of the fastest-growing technology companies in the UK. This achievement is a testament to our hardworking and talented team whose passion and dedication have helped deliver a number of really exciting milestones so far this year.”
Moneybox brought saving, investing, buying a home, and planning for retirement together into one simple app, to help people achieve their financial goals with greater confidence. Since it first launched in 2016, Moneybox has become the leading provider of Lifetime ISAs in the UK, supporting more than half a million aspiring first-time buyers to save their first home deposit and helping nearly 70,000 buy their first home far sooner than would otherwise have been possible.
Ben continued; “Against a backdrop of persistent cost of living challenges, our customers are saving and investing more than ever, in most cases because they are prioritising their financial goals over their discretionary spending. Moneybox is now profitable and this presents us with an amazing opportunity to re-invest these profits into the Moneybox proposition to make it even better for our customers.”
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