UK open finance and knowledge platform Moneyhub has topped up a beforehand introduced funding spherical with a £15 million funding from financial savings and retirement enterprise Phoenix Group.
The deal sees Phoenix Group be a part of Lloyds and Authorized & Common as a minority shareholder in Moneyhub.
Phoenix unit Commonplace Life already has a industrial relationship with Moneyhub by way of a monetary wellness proposition for office pension prospects. The 2 will now look to construct on the partnership.
Particularly, Moneyhub factors to the UK’s upcoming Shopper Responsibility and Pension Dashboard laws, which it says its open knowledge expertise may help Commonplace Life with.
Andy Curran, chief govt, Commonplace Life, says: “Open Information is revolutionising buyer interactions throughout our trade, powering new and modern options, and providing larger flexibility to people to handle their monetary wellbeing.
“Moneyhub is on the forefront of setting requirements for the sector and a pure associate for Phoenix Group and our Commonplace Life enterprise because it drives knowledge regulation and entry to Open Finance.”