Chief executive Giovanni Daprà

Digital wealth manger Moneyfarm has completed a funding round raising £44.1 million.

Through this, M&G, an investment firm with over £370 billion of assets under management and administration, will acquire a minority stake in Moneyfarm.

In addition to the fund raise, Moneyfarm and M&G signed a commercial partnership for the launch of a new UK digital investment solution under the M&G ...