The platform becomes the latest in a string of fintech firms planning to push into crypto.
Digital wealth manager Moneybox has raised £35 million in a Series D round that will help it push into crypto products.co-founder and co-CEO Ben Stanway said that the fintech firm would use the money to launch its first financial planning services, add a broader range of ETFs, and introduce crypto investing.
Stanway gave the example of giving customers the option to hold “a couple of per cent” in Bitcoin as part of a larger portfolio. The round was led by Fidelity International Strategic Ventures, alongside existing investors and new investor Polar Capital, and brings total funds raised by the digital wealth manager to £95 million.
Moneybox's platform currently supports more than 800,000 customers and has more than £2.9 billion in assets under administration, the company said in a press release. Since its Series C fundraise in July 2020, its assets under administration has more than tripled . The platform is the latest fintech to put its flag in the ground with regards to crypto. In March, Nordic neobank Lunar
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