Poste Italiane & Allianz AM take €40m stake in Moneyfarm

Eugenia Jiménez
clock • 1 min read

Allianz Asset Management and Poste Italiane, the retail-banking arm of the Italian post office, have each participated in the latest fundraising of UK digital wealth manager Moneyfarm. While Poste Italiane is the lead investor in Moneyfarm's €40m series C financing round - expected to close at the end of the year -, Allianz Asset Management will also provide extra cash. The German manager already banks Moneyfarm. Moneyfarm has also announced its plans to reach a strategic distribution p...

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Eugenia Jiménez
Author spotlight

Eugenia Jiménez

Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as Italy.