A market-leading open finance data, intelligence and payments platform has been backed by听Direct Line and听Esure听founder Sir Peter Wood.听
The British entrepreneur is leading the 拢13 million investment round into听Moneyhub听via a newly formed investment vehicle,听SPWOne.听听
The funding听round,听which sees all initial investors participating again,听will听fuel its rapid expansion into听Europe听as well as听the听wealth, insurance and retail sectors.听听
Moneyhub听has already established a market-leading product in the enterprise market in the UK, and now boasts clients including Mercer, Aon, Nationwide and Standard Life.听听听
The听Moneyhub听platform provides the most comprehensive, agile and robust suite of听open听banking and听open听finance data connections, intelligence and payment solutions through APIs and white-label products.听听
Its听clients in all sectors can access data, analytics and smart, actionable insights, and achieve far greater understanding and engagement with their customers 鈥� and can therefore deliver unique hyper-personalised customer experiences that create a true value exchange based on trust.听
Sir Peter Wood,听said: 鈥淎t听SPWOne, we are committed to investing in success.听 Open Finance is a permanent technological revolution, fundamentally changing the way businesses interact with their customers.听听听听
鈥淚 believe听Moneyhub听is an outstanding innovator led by a strong management team and is well positioned to become a global leader in the open finance space.听听
鈥淲e are delighted to be supporting Sam and her team at such an important stage in the company鈥檚听development.鈥�听
Samantha Seaton, CEO听at听Moneyhub, added: 鈥淚 am so excited to have Sir Peter鈥檚 backing for the next phase of the听Moneyhub听journey. It is incredibly rewarding to be able to deliver results to both investors and clients in this truly transformational landscape.听听
鈥淚t 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.鈥�听