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FT Partners Advises Moneyfarm on its £36,000,000 Series C Financing

Overview of Transaction

  • On September 26, 2019, Moneyfarm announced it has raised £36 million in a Series C financing round led by Poste Italiane, the Italian postal and financial services firm
  • Existing investor Allianz Asset Management, the investment arm of global insurer Allianz, also participated in the round
  • Headquartered in London, U.K., Moneyfarm is a digital wealth manager operating in Italy, the U.K. and Germany
  • Moneyfarm provides bespoke automated advice and discretionary portfolio management with exposure to multiple asset classes, through its diversified ETF-based portfolios
  • Moneyfarm serves nearly 40,000 active investors, manages over £700 million in assets under management, and is led by its co-founders, Paolo Galvani and Giovanni Daprà

Significance of Transaction

  • Moneyfarm will use the new capital to continue rolling out its digital wealth management services to investors across Europe
  • The funding round coincides with the launch of Moneyfarm’s strategic partnership with Poste Italiane, creating one of the largest digital wealth management partnerships in Europe
  • Through the partnership, Moneyfarm’s unique blend of digital investment advice, human guidance and fully-managed portfolios will be integrated with Poste Italiane’s digital platform

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Moneyfarm
  • FT Partners previously advised Moneyfarm on its £40 million Series B financing and its acquisitions of vaamo and Ernest
  • This transaction underscores the long-term nature of many of FT Partners’ relationships as well as our strong domain expertise and successful track record in the global Digital Wealth Management space