Moneyhub, a Briston, UK-based Open Finance data, intelligence and payments platform provider, raised a total of $18m in funding.
The round was led by Sir Peter Wood, via a newly formed investment vehicle SPWOne, which invests and supports a range of innovative businesses across their lifecycle, with participation from all initial investors.
The company intends to use the funds to accelerate the growth of its offerings and the rapid expansion into new markets and wider industry sectors, including wealth, insurance and retail.
Led by Samantha Seaton, CEO, Moneyhub provides a platform which offers an agile and suite of Open Banking and Open Finance data connections, intelligence and payment solutions through APIs and white-label products. This means clients in all sectors can access data, analytics and smart, actionable insights, and achieve understanding and engagement with their customers.
The solution is used by clients including Mercer, Aon, Nationwide and Standard Life.