Moneybox completes £45m PISCES-enabled secondary share sale

Wealth management platform Moneybox has completed its £45m secondary share sale through the London Stock Exchange Private Securities Market (PSM) built on the UK’s PISCES framework.

Moneybox’s valuation has been confirmed at around £800m following the transaction, which is approximately 45 per cent higher than the valuation at the firm’s last secondary share sale in 2024.

Apis Global Growth Fund III was the lead investor, with Apis Partners Group acting as portfolio manager.

The private equity firm accounted for the majority of the transaction, representing an increase in its investment in Moneybox following its initial investment in 2024.

Apis, as lead investor, will appoint a representative to Moneybox’s board.

Meanwhile, Salica Fulcrum Venture Capital LP made its first investment in the platform, expanding Salica Investments’ backing.

Existing institutional investors include Fidelity International, 7RIDGE, Oxford Capital, Breega, Burda, and CNP.

The employee share sale and investor transaction was managed by Crowdcube.

No new capital was raised by Moneybox as part of the agreement, as existing shares were transferred from employee shareholders to institutional investors.

Moneybox’s assets under administration were over £23bn across 1.9 million customers, as at the end of June 2026.

The firm said that the transaction served as proof for the potential of PISCES platforms, such as the PSM, being used by established investors to make investments in high-growth private companies.

“The growing institutional backing that Moneybox is receiving is testament to the continued focus of our colleagues to deliver exceptional outcomes for customers and create long-term shareholder value,” said Moneybox co-founder and exec chair, Ben Stanway.

“We are delighted to have successfully completed this transaction and welcome the increased support from Apis and Salica Investments.

“Their continued backing will help accelerate our next phase of growth as we harness technology and artificial intelligence to make high-quality financial support accessible at scale.”

Apis co-founder and managing partner, Matteo Stefanel, stated that the firm had been consistently impressed by the strength of Moneybox’s management team, the pace of execution and the company's ability to scale profitably while maintaining a clear customer focus.

“Since we first engaged, Moneybox has grown its AUM from approximately £5bn to nearly £25bn, a fivefold increase that highlights both the quality of the platform and the significant demand for its offering,” he continued.

“As we strengthen our involvement through board representation, we look forward to supporting the team as they continue building one of the UK's leading wealth management platforms."

Salica Investments managing partner, Andrew Noyons, added: “Salica is committed to powering the UK’s innovation economy and is well aligned with the Mansion House Accord objectives to boost saver outcomes and deliver UK growth.

“Our investment in Moneybox and participation in this latest PISCES-led auction builds on that commitment by expanding the options available to the UK’s fast growing, innovation-driven businesses.

“By deepening our support for scaleups through PISCES and partners like Fulcrum, we’re ensuring that the UK’s most ambitious entrepreneurs have access to the capital solutions they need to grow and thrive.”

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