Digital wealth manager MoneyFarm raises £40 million in Series B round led by Allianz

Allianz’s asset management unit, Allianz Asset Management, has increased its minority stake in UK-based money manager MoneyFarm by building on its initial investment from September 2016 and leading the startup’s £40 million (€46 million) Series B round. Other investors in the round include Endeavor Catalyst, Italian finance firm Fondazione di Sardegna, private equity firm Cabot […]