Moneybox is a ‘fintech’ app, blending finance and technology to make its users’ lives easier.
Users link their debit cards to the app, which then rounds up any spending to the nearest £, with the resulting sum invested into the user’s choice of one of three risk-based funds blending global equity, property and cash.
The provider has a Socially Responsible Fund, run by Old Mutual Investment Group. It tracks the MSCI World ESG Leaders Index and invests in a range of global companies, considering environmental, social and governance (ESG) factors such as how companies respond to climate change, treat their workers and manage their supply chains.
It is available across all the investment options offered by Moneybox and ongoing fees (as of May 2019) are 0.18 per cent a year. The fund will also be available as part of the company’s upcoming pensions service.
