Ranked 26th in the 2024 Deloitte UK Technology Fast 50
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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Moneybox is the award-winning app on a mission to help people build wealth with confidence so they can enjoy life, today and tomorrow. Launched in 2016 by co-founders Ben Stanway and Charlie Mortimer, the company has experienced rapid growth, and today has over £5bn in assets and a community of more than 1 million customers. Moneybox provides a range of great value products and services, across saving, investing, home-buying, and retirement as well as helpful tools and educational content, to help people manage and achieve their short, mid, and longer-term financial goals. Moneybox enables customers to set money aside in the way that suits them best using round-ups, regular deposits, or instant payments. In March 2022 Moneybox raised £35m in a Series D funding round, led by Fidelity International Strategic Ventures, existing investors Oxford Capital, CNP, Burda and Breega, plus new investor Polar Capital. This brings total funds raised by the digital wealth manager to £100+ million.
About the Deloitte UK Technology Fast 50: The Deloitte UK Technology Fast 50 is one of the UK’s foremost technology award programmes. Now in its 24th year, it is a ranking of the country’s 50 fastest-growing technology companies, based on revenue growth over the last four years. The UK Fast 50 awards are all about growth driven by leading intellectual property and are a celebration of innovation and entrepreneurship. Previous winners have come from across the UK, are both large and small, and included some of the most dynamic players in all areas of technology, from IoT to BioTech, digital media technology to life sciences, FinTech to software and clean energy to telecommunications. For more information visit www.fast50.co.uk The full list of this year’s winners and winner breakdown by region and sector is available at www.fast50.co.uk
View the full Deloitte Fast 50 list for 2023 here.