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Moneyfarm
Digital wealth manager
- 201-500 employees
- Fintech
- B2C
- Investing
- Financial Services
- Angel, London, UK
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Company mission
To provide investment solutions and advice to protect and grow client wealth through time.
Our take
Historically, investing was seen as only being for the wealthy. The rise of investment fund platforms changed that, but the 'beginner' investor market was still underserved.
Moneyfarm and their competitors (like Nutmeg) try to make investing in shares accessible and easy. They have a low minimum investment compared to larger asset managers and charge lower fees.
While there is plenty of space in this market for more than business (much like with banks), it will be important for players in this space to stay competitive and maintain a strong brand.
With more than 90,000 investors (a number that is growing fast), the company has over £2.5 billion invested on its platform. In addition to continued funding rounds (most recently a £44 million raise in early 2022), Moneyfarm has continued to make acquisitions, which has the company well set to see continued rapid growth.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Flexible working
- Private healthcare
- Fee-free investment on Moneyfarm products
Company values
- Relationships Are Our First Asset
- Trust Drives Success
- Customers Dream Big, Just Like Us
Funding (last 2 of 8 rounds)
Jan 2022
$53.9m
LATE VC
Sep 2019
$41.2m
SERIES C
Total funding: $170.8m
Leadership
Giovanni Daprà
(CEO)Worked as an Associate at Deutsche Bank for five years.
Paolo Galvani
(Chairman)20 years experience in finance, including VP and Managing Director roles at Morgan Stanley and Deutsche Bank, respectively.
People progressing
Joined as a Web Marketing Specialist. Promoted to Digital Marketing Manager after 3 years. Moved to Product Manager after 2 years, and became Lead Product Manager in early 2022