Eight Roads leads £14m series-B for Moneybox

Existing investors Oxford Capital Partners and Samos Investments also took part in the latest financing, bringing the company's total funding to date to £21.3m.

The fresh capital will be used to expand the team and build new products.

Previous funding
Samos took part in a $3m seed round led by Betfair in January 2016. Samos returned along with Oxford capital to invest a further $1.75m in July 2016.

Company
Moneybox is a developer of mobile software application that allows users to open and manage investment accounts. It lets users save through a combination of card transaction round-ups, weekly installments, payday boosts and one-off deposits. The firm claims to have been used by 100,000 people since launching two years ago, with the average customers investing £20 a week. It is headquartered in London.

People
Moneybox – Ben Stanway (co-founder).

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