Key facts
- Moneybox has completed a £45 million employee share sale.
- The transaction values Moneybox at £800 million.
- The sale utilized the London Stock Exchange's Private Intermittent Securities and Capital Exchange System (PISCES).
- This is the first time a UK fintech has used the PISCES platform.
- The event is an employee liquidity event, not a capital raise.
Moneybox has boosted London's nascent private markets by completing a £45 million employee share sale on the London Stock Exchange's Private Intermittent Securities and Capital Exchange System (PISCES). This transaction, hailed as a "milestone transaction," values the fintech firm at £800 million, a 45% increase from its late 2024 valuation.
The PISCES framework, approved in August 2025, aims to provide liquidity for private companies and allow investors access to high-growth firms without forcing premature IPOs. Moneybox's use of the platform marks its first application by a UK fintech, testing PISCES's ability to offer shareholder liquidity. The transaction was solely an employee liquidity event, with employees selling existing shares rather than the company raising new capital.
Ben Stanway, co-founder and executive chair of Moneybox, stated that PISCES enables "the next generation of ambitious private businesses" to scale and innovate. Despite a slow start, PISCES has seen increasing activity, notably with autonomous driving unicorn Wayve's £63 million employee share sale earlier in July. Dame Julia Hoggett, chief executive of LSEG, commented that Moneybox's auction demonstrates "growing momentum" behind PISCES and its capacity to provide essential liquidity to private companies.