Moneyfarm reports £12.5m loss and expects to lose more

Raised £36m in funding round

Sophie King
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Moneyfarm lost more than £12.5m last year, its annual report revealed.
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Moneyfarm lost more than £12.5m last year, its annual report revealed.

Online investment service Digital Moneyfarm Investments has reported a loss of £12.5m in the latest tax year and said it expects for the losses to continue.

Moneyfarm's strategic report for the year ending 31 December 2018 revealed a loss of some £12.57m, slightly down from the previous year's loss of £13.93m. The firm's directors predicted the company's...

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