Moneysupermarket com : Simon Nixon tells Seek Ventures to ramp up Bitcoin investment
August 26, 2021 at 01:51 pm
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Simon Nixon – the brains behind MoneySupermarket.com – has given the green light for his venture capital firm to escalate its interests in crypto assets.
Billionaire Nixon’s Seek Ventures – a global family office – is to begin scaling up crypto portfolios with immediate effect.
The decision was revealed by one of the 54-year-old’s managing directors – Adam Proctor – who said Seek needed to increase its “allocation to crypto as we feel it is an important area for the future”.
London-based Seek Ventures is now head-hunting for a marquee crypto analyst signing in the coming weeks.
Interest through family offices in crypto has warmed significantly over the last 12 months, despite some wild volatility in an albeit ever-increasing market.
But to see a stellar name like Seek – with its bold tagline “WE INVEST IN CATEGORY KILLERS” – jumping in so enthusiastically will surely send waves of excitement across the industry.
Nixon, most widely known as the founder and CEO of the wildly successful MoneySupermarket.com, began investing in 2009. He now manages more than a billion dollars of personal assets in the tech sector.
He dropped out of university at the age of 20 to found a mortgage comparison business after discovering brokers had no simple method of comparing mortgage deals.
The company blueprint soon became the foundation stone of MoneySupermarket.com which was listed on the London Stock Exchange in 2007. It was the largest internet IPO in British history.
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MONY Group PLC, formerly Moneysupermarket.com Group PLC, is a United Kingdom-based company that operates a tech-led savings platform engaged in helping households save money. The Company offers consumer finance brands through its proprietary tech-led savings platform. Its brands include MoneySuperMarket, TravelSuperMarket, Icelolly, MoneySavingExpert, Quidco and decisiontech. Its comparison sites, MoneySuperMarket, TravelSuperMarket and Icelolly, offer various deals and save money on household bills and financial products, from car, pet, travel and home insurance to credit cards, loans, savings, pensions, mortgages, bank accounts, holidays, car hire, broadband and TV packages. MoneySavingExpert is packed full of money-saving tips and tools and information to help people take control of their finances. Quidco is a cashback site in the United Kingdom, which offers comparison services powered by Group technology, helping customers save on their car, home and other insurance needs.