<div>
  <ul>
    <li>
      <p>
        Moneyfarm, a digital wealth management platform, raised GBP 44.1 million (approximately USD 60 million) from a private placement, which was led by M&amp;G, and included Poste Italiane as participating investor. This brings the total funding to USD 186.8 million.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        The company intends to utilize the funds to develop its platform further, broaden product proposition, and form strategic partnerships.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        Along with the funding, Moneyfarm formed a commercial partnership with M&amp;G to launch M&amp;G Wealth, a UK-based robo advisory service. This agreement will enable M&amp;G to use Moneyfarm&rsquo;s technology to deliver multi-asset model portfolios. As part of the agreement, M&amp;G will also purchase a minority stake in Moneyfarm.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        The fund raise follows strong financial performance in 2021, which saw Moneyfarm&rsquo;s customer numbers improving by 73% year-over-year and Assets Under Management (AUM) growing by 72% year-over-year.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.reuters.com/business/finance/mg-will-take-minority-stake-digital-wealth-manager-moneyfarm-2022-01-26/">
      Reuters
    </a>
  </p>
  <p>
    <a href="https://www.finextra.com/newsarticle/39581/mg-to-launch-robo-advisory-service-in-uk-takes-minority-stake-in-moneyfarm/retail">
      Finextra
    </a>
  </p>
</div>


All Updates

Moneyfarm raises GBP 44.1 million from private placement

Moneyfarm buys Wealthsimple UK’s business book for undisclosed amount