Moneybox is preparing a secondary share sale of up to £45m ($60.19m) for long-serving employees, valuing the business at about £800m, or nearly $1.1bn.
The valuation marks an increase of around 45% from 2024
The UK digital wealth management platform said the sale is intended to give employees an opportunity to realise part of the value created as the company has expanded over the past decade. The transaction will be carried out through the London Stock Exchange’s Private Securities Market (PSM) under the Private Intermittent Securities and Capital Exchange System framework. Crowdcube has been appointed with an exclusive mandate to manage the employee sale and investor purchase process through its infrastructure.
The auction will be permissioned, with investor access controlled by Moneybox. The company said it now serves more than 1.9 million customers and has over £23bn in assets under administration. Moneybox, which started as a savings and investing app, said it has developed into a broader wealth management platform since its launch ten years ago.