Moneybox becomes a $1.1B unicorn testing London’s new Pisces market with a £45M staff sale

13 July 2026

• Moneybox’s $1.1 billion valuation comes from a £45 million employee secondary sale.
• This sale is a test of LSEG’s new Pisces-based Private Securities Market, following Wayve’s $85 million tender offer earlier this month.
• This deal puts Moneybox in the UK’s growing secondary-liquidity market, alongside Revolut’s $115 billion process.

Moneybox’s shareholders have watched this company’s valuation nearly triple in under four years without a single public trade. Starting today, some of them get to test what that’s actually worth, according to the Financial Times.

Moneybox, founded in 2016 by Ben Stanway and Charlie Mortimer, is now valued at $1.1B as it conducts a £45M secondary sale to long-serving employees. Based in Shoreditch, London, the company lets users invest spare change and save into Stocks & Shares ISAs, Lifetime ISAs, and pensions.

The valuation jump

This is Moneybox’s first confirmed crossing above $1B — Tech Funding News had it on a list of UK soonicorns closing in on that mark as recently as August 2025. Its last disclosed valuation was £550M in October 2024, itself an 84% jump from a £300M valuation at its March 2022 Series D.

A move to $1.1B, roughly 21 months later, continues that pace, and it comes off a business that had already turned in its first full year of profit and passed £10B in assets under administration by late 2024, with revenue up 168% that fiscal year.

The bigger question the number raises is: this valuation is being set through an employee sale in a market with no public price history and thin trading volume so far, not through a competitive fundraise with outside investors bidding the price up.

Whether PSM pricing holds up to the scrutiny a real funding round would get is untested.

How the Pisces platform works

Starting today, employees will sell shares through Crowdcube. Later in July, an auction will follow on LSEG’s Private Securities Market, set up under the government’s Pisces, known as a private intermittent securities and capital exchange system framework.

Pisces lets private companies give staff and early investors a way to get liquidity without the costs and disclosure rules of a full IPO.

Moneybox is one of a handful of UK scaleups testing the platform. TFN reported that Wayve, the autonomous vehicle company, ran an $85M tender offer at an $8.5B valuation and filed for a closed PSM auction. PSM launched in February 2026, and Oxford Sciences Enterprises made the first trade in March.

LSEG has also reportedly courted Revolut and OakNorth to join, part of a push to keep British tech companies onshore after a run of listings drifted to New York.

Wider trends in the secondary market

Moneybox’s sale is part of a broader shift toward private liquidity in the UK and European tech. TFN reported in June that Revolut is exploring a secondary sale at a $115B valuation, up 53% from $75B, as it delays an IPO that CEO Nik Storonsky has said is at least two years away.

On the fund side, Basque firm Acurio Ventures closed a €115 million fund dedicated solely to buying discounted VC secondaries. Together, these deals show that staying private longer no longer means staying illiquid, at least for companies with the growth numbers to back a rising price.

Nine-year-old Moneybox competes with apps including Chip and Plum in the UK’s crowded savings-and-investing market. Where those rivals lean on round-up mechanics, Moneybox offers a fuller range of products, including ISAs, pensions, and home-buying tools.

The UK’s private secondary market is still small but growing quickly, as later-stage companies stay private longer and employees hold onto illiquid equity for longer periods. Whether PSM becomes a real alternative to IPOs, or just a temporary fix that delays them further, is what London’s fintech sector will be watching this platform answer next.

See link to original article here.