Moneybox Financial Results Set the Pace for the UK Wealth Management Sector

Moneybox, the award-winning wealth management platform, has today released its 2024 Annual Report, unveiling a blockbuster set of results that further cement its position as one of the UK’s fastest-growing wealth management platforms. As of December 2024, Moneybox was supporting more than 1.3 million customers, and has seen accelerating growth and profitability in recent years as it continues to help people build wealth with confidence. 

In 2024, Moneybox welcomed 400,000 net new customers, increased revenue by 68% year-on-year from £55.6m to £93.8m, more than doubled (+117%) assets under administration (AUA) from £5.4bn to £11.7bn, and increased AUA per customer by 52% from £5,900 to £9,000. 2024 also marked the company’s second consecutive year of profitability, with pre-tax profit rising 24% from £16m to £19.9m.

This momentum has continued into 2025, with over 235,000 net new customers joining Moneybox as of the end of June and over £4.5 billion in net inflows. This growth reflects not only strong acquisition but also a deepening relationship with existing customers, as they continue to entrust more of their money to the platform. AUA reached £16.6 billion at the end of June, up 75% year on year, demonstrating the continued strength and scale of the business.

Launched just nine years ago by co-founders Charlie Mortimer and Ben Stanway, Moneybox has quietly become one of the UK’s leading fintech success stories, helping people build positive habits, plan for the future, and stay on track to achieve their goals. By staying true to its mission, and offering a comprehensive suite of products and services across saving, investing, home-buying, and pensions, the company has built a thriving and sustainable business which has consistently been ranked as one of the fastest growing tech companies in the UK.  

Moneybox’s success has seen it win several prestigious awards including Best Investment Provider at the British Bank Awards in 2023, 2024 and 2025, and appear on Deloitte’s UK Technology Fast 50 list five years in a row, a feat that has been achieved by only a small number of organisations. Moneybox was also awarded a Which? Best Buy in Savings in 2024 and is proud to say that its customers consistently rate its service highly, as evidenced by its customer retention rate, which is in excess of 94%. 

Ben Stanway, Co-Founder and Exec Chair at Moneybox, commented: “We started Moneybox with a simple mission: to help people build wealth with confidence. Nearly a decade on, I’m incredibly proud of the progress we have made and the impact we are having.

“Our first annual report marks a significant milestone, showcasing the strength and sustainability of the business we have built. But we’re just getting started. As we move into 2025, we will continue our strategy of acquiring new customers at scale, as well as deepening customer relationships by providing increasingly personalised support along each step of the wealth-building journey.”

Following a secondary transaction in October 2024, led by Apis Partners and joined by Amundi, bringing Moneybox’s valuation to £550m, the company is now focusing on its next stage of growth.

Looking to the future, Moneybox’s journey continues to be centred on supporting people through every stage of life. As part of this mission, the organisation remains focused on expanding the products and services it offers to help customers make more of their money. It will also continue to work with the Financial Conduct Authority on how best to make more tailored financial support available to all.

With a clear forward-looking strategy to leverage its success, Moneybox is on track to become the UK’s category-defining wealth management platform and a multi-billion-pound fintech success story.