Lloyds Banking Group and financial services giant Legal & General have both taken minority stakes in Bristol open banking platform Moneyhub.
The fintech, which has provided digital payment solutions for big brands including Mercer, Aon, Nationwide and Standard Life, has raised an initial £40m in its latest funding round.
Commercial bank Shawbrook provided a venture debt facility of £5m as part of the raise to support Moneyhub’s growth plans.
