Wealth manager app hires chief product officer

AppointmentsFinTech

Moneybox, the app-based digital wealth manager, has appointed Smith Forte as its chief product officer.

Earlier this year Moneybox completed a successful £35m Series D, followed by a record-breaking crowdfunding campaign.

The announcement follows a series of senior hires at the award-winning digital wealth manager in the last year to strengthen its executive and senior leadership teams.

Moneybox has enjoyed exponential growth since its launch and currently supports more than 850,000 customers and has more than £3bn in assets under administration.

Smith brings with him over 25 years of experience in product strategy, design and operations, with a focus on FinTech.

He joins from Varo, the first neo-bank to be awarded a national banking charter in the US, where he served as chief product officer.

Prior to Varo, Smith held a similar role at Acorns, where he helped turn the industry’s first micro-investing app into a diversified financial wellness product used by millions to grow their wealth.

Moneybox is Crowdcube’s most popular crowdfunding campaign this year

Charlie Mortimer, co-founder of Moneybox, said: “We’re excited to have Smith onboard with us, as he brings with him immense experience in the world of product design and strategy to help people achieve their financial goals.

“Our mission at Moneybox is to help people build wealth with confidence so they can enjoy life, today and tomorrow.

“Smith’s unique skill set and demonstrated passion for delivering exceptional products and customer experiences, will be invaluable in ensuring excellence and cohesion across our products, and enhancing the customer experience as we continue to build our offering to help people on their financial journeys.”

£35m Series D drops into Moneybox

Forte added: “I am thrilled to join the Moneybox team and be a part of their exciting journey. Joining the business at a time where personal finances and the economy are under strain, I believe the Moneybox mission is more relevant than ever.

“I’m excited to help the product and design teams continue to build products and experiences that really work for customers, and truly help them on their financial journeys.”

Moneybox was launched in 2016 by Ben Stanway and Charlie Mortimer and provides a range of great value products and services, across saving, investing, home-buying and retirement

The company has raised total funds of more than £100m.

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