M&G plans European expansion with minority stake in digital wealth manager

Mark Battersby
clock • 3 min read

UK headquartered funds firm M&G has taken a minority stake in digital wealth manager Moneyfarm as part of a broader partnership which will see the launch of a "new investment solution". M&G will use Moneyfarm's ‘platform as a service' to offer an innovative, digital product aimed at the next generation of retail customers in the UK. Moneyfarm and M&G will also explore a range of other opportunities to partner in other European wealth markets. MFM Holding (Moneyfarm), the digital wealth manager said on 26 January that it has agreed a funding round raising £44.1m, led by M&G and incl...

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