Moneybox secures £ 14 million to expand its service and bring prosperity to young people through micro-investment

Moneybox secures £ 14 million to expand its service and bring prosperity to young people through micro-investment

Moneybox has received £ 14 million in funding to develop new products and help the next generation become prosperous, which, in the founders' view, is a "concept foreign to young people".

The UK micro-investing app, which allows individuals to invest small amounts of money in funds, will use the capital to expand their team and develop their smartphone products.

Eight Roads, a global investment house, led the Series B financing round, which was joined by existing Moneybox investors Oxford Capital Partners and Samos Investments. This brings the total amount of money raised by the fintech start-up to £ 21.3 million.

Provided users have online banking, a national insurance number and £ 1 …

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