Moneyhub, an Open Finance data, intelligence and payments platform, has announced its largest investment round to date, a total of $18m, to fuel its rapid expansion into new markets.
Sir Peter Wood, British entrepreneur and innovator, is leading the investment round via a newly formed investment vehicle SPWOne.
This latest funding builds on the previous investment round which included Nationwide Building Society Ventures.
Sir Peter Wood, comments: “At SPWOne, we are committed to investing in success. Open Finance is a permanent technological revolution, fundamentally changing the way businesses interact with their customers.
“I believe Moneyhub is an outstanding innovator led by a strong management team and is well positioned to become a global leader in the open finance space. We are delighted to be supporting Sam and her team at such an important stage in the company’s development.”
Samantha Seaton, CEO Moneyhub comments: “I am so excited to have Sir Peter’s backing for the next phase of the Moneyhub journey. It is incredibly rewarding to be able to deliver results to both investors and clients in this truly transformational landscape.
“It is a fantastic vote of confidence from Sir Peter, and his team, who are renowned for foreseeing game-changing growth opportunities – and a ringing endorsement of our team and our strategy for applying new technology where the rules of engagement have been turned upside down.”