Munnypot is a low cost, online investment advice solution providing fully regulated advice that is both affordable and easy-to-understand.
Founded by Simon Redgrove, Andrew Fay (founders of Cavanagh Group Plc) and Simon Chisholm, Munnypot uses a conversational, automated chatbot to make investment decisions for the customer, automatically selecting the fund and product based on their appetite for risk.
Munnypot will use Livingbridge's investment to further develop its technology and enhance its customer proposition.
“We are delighted with Livingbridge’s investment which will enable us to scale up our business and further develop our offer for consumers.”
Andrew Fay, CEO at Munnypot
Munnypot service launches
Livingbridge reaches an agreement to sell the fund and investment management business of Livingbridge VC LLP, comprising the Baronsmead VCTs and the Livingbridge Equity Funds, to Gresham House plc.