Law Firms

CMS advises Moneyhub on funding round

Moneyhub is the leading Open Finance platform that enables businesses from all sectors to truly understand and engage their customers

International law firm CMS has provided guidance to its longstanding fintech client Moneyhub, a market-leading Open Finance data, intelligence and payments platform, on its latest funding round which was led by Sir Peter Wood.

Moneyhub is the leading Open Finance platform that enables businesses from all sectors to truly understand and engage their customers. 

By providing consent-driven access to financial data, analytics, insights, and the initiation of card-free payments, Moneyhub helps businesses create tailored products and services that “deliver against their customers’ needs, build trust and value”.

The funding round was conducted via a newly formed investment vehicle SPWOne, which was established by Sir Peter Wood, founder of the technology-based insurance disruptors Direct Line and Esure. Moneyhub will use the funds to fuel its rapid expansion into new markets.

John Finnemore, CMS Corporate partner, said: “We are pleased to have supported Moneyhub on this important investment which will enable its continued growth and facilitate its further expansion. The success of this deal is a testament to Moneyhub’s leading position in the UK’s fintech landscape and the faith that SPWOne has in them.”

Sam Seaton, founder of Moneyhub, added: “CMS has been our go-to firm for many years and we really appreciate the expertise of the team, led by John and supported by Mumu. Their advice on every transaction with us has been exemplary and they have been invaluable in guiding us on our exciting journey.” 

The CMS team included John Finnemore (Partner), Mumuksha Singh (Senior Associate), Konrad Rawicz (Associate) and Rebecca Gallagher (Paralegal).

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