| Client | Moneyhub |
| Sector | Fintech |
| Facility | Venture Debt |
| Funding need | Growth |
| Value | £5m |
| Team | Financial Sponsors |
| Region | South West |
Market-leading Open Data and payments platform, Moneyhub chose Shawbrook for an £5m venture debt facility alongside its latest equity raise totalling an initial £40m.
Bristol-based Moneyhub works with an impressive number of blue-chip clients within financial services, retail and telecoms helping them to unlock opportunities by creating personalised products and services that boost revenue, drive innovation, and reduce costs. With a roster of high-profile clients from Aon and SEI Investments to Vodafone and Nationwide Building Society, Moneyhub is leading the way in helping businesses use consent-driven customer transaction data to boost financial well-being.
Moneyhub’s senior team are pioneers in the Open Banking, Open Finance and Open Data space, and have led the way in creating solutions for businesses and their clients.
Moneyhub recently completed its latest equity raise, securing an initial £35m from lead investors Lloyds Banking Group and Legal & General who both took minority stakes in the business. The additional £5m venture debt facility from Shawbrook will support Moneyhub in its growth plans alongside the equity raise, providing flexibility and a non-dilutive portion of capital raised.
With this new investment, Moneyhub plans to accelerate the investment into its solutions including those around payments, distribution, affordability, and Data as a Service. The fintech will also seek to expand market share in its target sectors of financial services, telecoms, and retail.
Moneyhub was advised by DC Advisory.
“As a maturing business, it was important that any funding we received allowed us agility. The team at Shawbrook have been able to work with us collaboratively to design a flexible structure that works, especially alongside our fund raise."
Samantha added:
“It’s an incredibly exciting time at Moneyhub. Open Data has the potential to transform the way that businesses interact with their customers and we have and continue to be at the forefront of this change. For businesses facing increasing red tape from regulators and apathy from customers, Open Data is the natural solution.”
Ciaran Flanagan, Director, Financial Sponsors at Shawbrook adds:
“Moneyhub is the trusted provider of Open Data solutions with many high-profile, household brands in their client roster already. Sam and the senior team at Moneyhub are leading the way in this area and there is significant potential for growth in the coming years. It was a pleasure to work with the Moneyhub team, as well as DC Advisory on this transaction.”
Jack Bates, Associate Director, Venture Debt at Shawbrook comments:
“Shawbrook and Moneyhub have developed a strong relationship over time, helping us understand the business and the team’s clear vision for the future. This has been key to the success of this transaction.
“It’s an exciting time for Moneyhub. We’re proud to be able to support them in their next phase of growth and look forward to seeing the business continue to evolve.”
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