Moneybox Hits £800 Million Valuation with PISCES-Powered Staff Share Sale #

UK digital wealth management platform Moneybox has announced a secondary share sale of up to £45 million for long-serving employees, setting a company valuation of around £800 million (approximately US$1.1 billion). That represents a roughly 45 per cent uplift from the £550 million valuation set during its last major funding round in late 2024 and puts Moneybox into unicorn territory for the first time.

The transaction will be conducted through the London Stock Exchange’s Private Intermittent Securities and Capital Exchange System, known as PISCES, making Moneybox the first UK fintech company to use the framework. The Financial Conduct Authority approved PISCES in August 2025. It was designed to give private companies a route to shareholder liquidity between venture funding rounds and a potential public listing. Uptake was slow at first, but the framework drew wider attention in early July when autonomous vehicle company Wayve used it for an employee share sale reportedly worth around £63 million.

The sale will allow long-serving staff to realise value from vested equity without the company pursuing a full stock market listing. Co-founder and Executive Chair Ben Stanway said the use of PISCES allows ambitious private businesses to scale and innovate on their own terms.

The announcement follows a strong financial year for the company. Moneybox reported revenues exceeding £115 million for 2025, its third consecutive year of profitability, while assets under administration rose 62 per cent year on year to £19 billion. The platform had 1.7 million customers by the end of December 2025. Growth has continued into 2026, with more than 390,000 new customers joining in the first half of the year and net inflows of £3.5 billion over the same period.

Moneybox was founded to help everyday savers invest spare change and access tax-efficient accounts, including Stocks and Shares ISAs, Lifetime ISAs, and self-invested pensions. It has also reunited customers with over £800 million in lost or unclaimed pensions.

City analysts and commentators have described the deal as a “milestone” for London’s efforts to retain high-growth technology companies that might otherwise seek liquidity through overseas markets or earlier-than-ideal IPOs. The £800 million valuation is expected to receive close scrutiny, given it was set through an employee transaction on a nascent platform rather than a competitive external fundraise.

Source: City A.M.