L&G and Lloyds make £35m Moneyhub investment

Investment in platform aims to boost companies’ key strategic goals

Martin Richmond
clock • 2 min read
Moneyhub chief executive Samantha Seaton
Image:

Moneyhub chief executive Samantha Seaton

Legal & General (L&G) and Lloyds Banking Group have made a £35m investment in open finance platform Moneyhub, with an additional £5m debt facility provided by Shawbrook.

The investment is expected to provide the funding for the development of Moneyhub's financial solutions, which includes pensions, wealth, payments and affordability. The investments in the platf...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

PensionBee's Romi Savova hits out at government push for DC investment in illiquids

PensionBee's Romi Savova hits out at government push for DC investment in illiquids

Industry must ask what the push into the unknown can deliver in additional returns

Jonathan Stapleton
clock 06 December 2024 • 2 min read
Asset-backed finance solutions investment manager formally launched

Asset-backed finance solutions investment manager formally launched

Evermill Capital will look to deliver tailored asset-backed financing solutions

Martin Richmond
clock 05 December 2024 • 1 min read
Solving the housing crisis – finding opportunities in 'ignored' cities and towns

Solving the housing crisis – finding opportunities in 'ignored' cities and towns

Underinvested locations are signalling a chronic disparity in supply and demand

Tim Munn
clock 03 December 2024 • 4 min read
Trustpilot